ICAI CA Day 2023: The Institute of Chartered Accountants of India (ICAI) celebrates its 75th anniversary on July 1, 2023.
CA Roles: Chartered Accountants are professionals responsible for financial accounting, reporting, management accounting, audit, and other financial expertise.
CA Salary: The initial salary of a CA ranges between 5-9 LPA (Lakhs Per Annum) and varies based on factors like company, city, and country.
IAS Salary Structure: The salary of an IAS officer is determined by their position and is influenced by the recommendations of the 7th Pay Commission. They are placed at level 10 of the pay scale.
IAS Salary: At the entry-level, an IAS officer's basic pay is Rs. 56,100 per month, which can range from Rs. 56,100 to Rs. 1,32,000 per month.
Similar Salaries: In the initial phases, both IAS officers and CAs earn nearly the same amount, with an average monthly income of around Rs. 54,000 to Rs. 60,000. Salary increases with experience.
CA Salary Structure: According to ICAI, the average CA salary offered through campus placements rose from INR 8 LPA to 9 LPA (Lakhs Per Annum).
Higher IAS Salaries: As an IAS officer progresses in their career, the salary can reach up to INR 2,50,000 per month for a Cabinet Secretary.
Considerations for CA Salary: Various factors such as company, city, and country influence the salary of a CA, leading to variations in earnings.