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Accountant Salary
in Mumbai, India

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INR 1,384,611

Average Salary

INR 666/hr

Average Hourly

INR 48,461

Average Bonus

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Explore Our Salary Database

The average pay for an Accountant is INR 1,384,611 a year and INR 666 an hour in Mumbai, India. The average salary range for an Accountant is between INR 973,382 and INR 1,680,918. On average, a Bachelor's Degree is the highest level of education for an Accountant. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Mumbai, India.

ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Find actuarial salary survey data and benchmark salary and pay.

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Salary Potential

Estimated salary in 2029:
INR 1,795,950
5 Year Change:
30 %

Shift Differentials

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If your job has pay differentials, see how much more you could be earning with our shift differential calculator.
Based on the average salary in the United States, if your pay differential is 10%, your pay will increase by INR 66.57/hour
*some jobs may not have shift differentials, please contact info.eri@erieri.com for additional information.

What Is Shift Differential Pay?

Shift differentials are used to adjust the compensation of an employee due to the time of day or the day of the week that the employee worked.
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About Mumbai, India

Mumbai Cost of Living Score:

Description: Mumbai ( , Marathi: [ˈmumbəi], IAST: Muṃbaī; formerly known as Bombay) is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city of India with an estimated population of 12.5 million (1.25 crore). Mumbai is the centre of the Mumbai Metropolitan Region, the sixth-most populous metropolitan area in the world with a population of over 23 million (2.3 crore) living within the Mumbai Metropolitan Region. Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest...
Description:
  • Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice.
  • Utilizes knowledge of the fundamental doctrines, theories, principles, and terminology of accountancy, and often entails some understanding of such related fields as business law, statistics, and general management.
  • Analyzes the effects of transactions upon account relationships.
  • Evaluates alternative means of treating transactions.
  • Plans the manner in which account structures should be developed or modified.
  • Ensures the adequacy of the accounting system as the basis for reporting to management.
  • Considers the need for new or changed controls.
  • Projects accounting data to show the effects of proposed plans on capital investments, income, cash position, and overall financial condition.
  • Interprets the meaning of accounting records, reports, and statements.
  • Advises operating officials on accounting matters.
  • Excludes paraprofessional accountants.

Accountant Job Listings for

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Salary Recap

The average pay for an Accountant is INR 1,384,611 a year and INR 666 an hour in Mumbai, India. The average salary range for an Accountant is between INR 973,382 and INR 1,680,918. On average, a Bachelor's Degree is the highest level of education for an Accountant. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Mumbai, India.

ERI's compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

Find actuarial salary survey data and benchmark salary and pay.

Powered by ERI's Database

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Mumbai Cost of Living Score:

Description: Mumbai ( , Marathi: [ˈmumbəi], IAST: Muṃbaī; formerly known as Bombay) is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city of India with an estimated population of 12.5 million (1.25 crore). Mumbai is the centre of the Mumbai Metropolitan Region, the sixth-most populous metropolitan area in the world with a population of over 23 million (2.3 crore) living within the Mumbai Metropolitan Region. Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest...
Description:
  • Readies and maintains financial and business transactions, applying accounting principles, that include work that is analytical, evaluative, and advisory in nature and that requires an understanding of both accounting theory and practice.
  • Utilizes knowledge of the fundamental doctrines, theories, principles, and terminology of accountancy, and often entails some understanding of such related fields as business law, statistics, and general management.
  • Analyzes the effects of transactions upon account relationships.
  • Evaluates alternative means of treating transactions.
  • Plans the manner in which account structures should be developed or modified.
  • Ensures the adequacy of the accounting system as the basis for reporting to management.
  • Considers the need for new or changed controls.
  • Projects accounting data to show the effects of proposed plans on capital investments, income, cash position, and overall financial condition.
  • Interprets the meaning of accounting records, reports, and statements.
  • Advises operating officials on accounting matters.
  • Excludes paraprofessional accountants.
No listings found

Take the guess work out of setting pay

Determine competitive salary levels, compare employee compensation with market benchmarks, and get instant access to reliable salary survey data online.

You May Also Like

White Papers

National Compensation Forecast April 2024
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Review compensation trends and get guidance on expected total salary increases for the upcoming year with ERI's National Compensation Forecast.
Read More
Planning Compensation Incentives That Maximize Workforce Engagement
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Improve employee engagement and performance by implementing compensation incentive plans into your strategy.
Read More
Planning Global Compensation Budgets for 2024 - March Updated
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Learn about global compensation trends and salary increases for 2024, so you can make more informed salary planning decisions.
Read More

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Explore our most popular jobs
View our most popular salary searches and other resources