Accountant salary in India
accountant salary in India

Accountant salary in India

Accountant Salary in India

Before answering the very common question asked by many what is Accountant Salary in India One should understand the job profile of an accountant. An Accountant perform accounting entries.

Prepare balance , trading and profit & loss account, including sales and cash flow reports, administering payroll,   carrying out billing activities, managing budgets and keeping update information regarding inventory. Accountant may also be responsible for calculating  tax liabilities. Sometime they are suppose to perform the task of auditing as well.  

A related occupation, some time accountant act as auditors abd are responsible for examining financial data and accounting procedures to ensure accuracy.

Furthermore, An auditor may also make recommendations to improve procedures and policies. In many cases, an auditor salary can also be quite attractive.

Both accountants and auditors should be detail oriented. The job tasks associated with both professions are far more diverse than simply solving math problems. Interested individuals should have strong math skills and enjoy performing analyses.

These professions also require strong verbal and written communication skills. Overall, the professions of accountant and auditor blend problem-solving, analysis, and even detective work.

Now one must understand that accountant salary in India depends on various factors.

  • Experience of Accountant
  • Qualification of Accountant
  • City or State
  • Employer

Let us see further employer wise accountant salary in India

Some of the top employers responded  for   Accountant salary in India  are from the companies Infosys,  BPO, Genpact .   

Reported accountant salaries are highest at Larsen & Toubro Limited where the average pay is ₹580,930. Other companies that offer high salaries for this role include Any Company and Infosys BPO, earning around ₹380,000 and ₹347,270, respectively. Accountants, Inc. pays the lowest at around ₹220,000.

Genpact    pay on the lower end of the scale, paying ₹259,615 and ₹280,000, respectively.

Further analysis about accountant salary in India

An entry-level Accountant with less than 1 year experience can expect  to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹197,686 based on 709 salaries , reported by payscale.com

 Accountants with 1-4 years of experience earns an average total compensation of ₹225,522 , again based on 3,405 salaries  reports at payscale.com

A mid-career Accountant with 5-9 years of experience earns an average total compensation of ₹297,087 based on 1,588 salaries. An experienced Accountant with 10-19 years of experience earns an average total compensation of ₹356,757 based on 809 salaries.

In their late career (20 years and higher), employees earn an average total compensation of ₹422,315.

How much salary Junior Accountant earns in India?

Role of Junior accountants:- Junior accountants provide a vital service to companies by recording accounting entries. Their daily job include reconciling bank accounts, balancing financial records. They generally work under sernior accountants.

The level of confidentiality and discretion required of junior accountants is great because they work with private company information and are given access to large accounts of company.

The average salary for a Junior Accountant is ₹ 13,709 per month in India. Salary estimates are based on 1,500 salaries submitted anonymously to Indeed by Junior Accountant employees, and employers collected from past and job postings on Indeed . Tenure for a Junior Accountant is less than 1 year.

Tally Accountant salary in india

A Tally Expert (Accountant) is Rs 250,000 as per year as per payscale survey. Most people with this job move on to other positions after few years in this field. Experience strongly influences pay for this job.

Further it depends on your skills. It is easy to get job in single firm, but they will give you 15,000 to 20,000 per month. But if you can do part time then you can can earn some extra money. Many tally accountants only do part time job with different companies.

Chartered Accountant Salary in India

The average salary of Chartered Accountants in India ranges from 6 lakhs to 30 lakhs. International packages are even higher ranging up to 75 lakhs. Rank Holders get priority over other students.

Conclusion about Accountant salary in India

Hence it can be well understood that the accountant salary in India varies between 2 lacs to 5 lacs per annum depending upon , experience, qualification, and type of employer.

IPA offers Accountant Course in Delhi