Average Salary of CA fresher in 2011 was 5-7 lakh p.a Average Salary of CA fresher in 2021 is 6 to 7.5 lakh p.a Inflation index of 2011-12 was 184 Inflation index of 2021-22 is 311 Means In this 10 years Inflation rises from 2011 to 2021 is whooping 70% And salary's of a chartered accountants rises only 10-15% Where 3-4 articles required to do a particular task in one CA office at that time i.e( in year 2011), Now the same work is done by one Article only due to technology. Salary of chartered accounts is less then MBA and Bcom qualified from a top collages It clearly shows that Artificial intelligence will going to effects very severely to future Chartered accountants... Nobody comes to CA for tax filling now days ( many apps are available ) Government is increasing the limit for GST audit and tax audit. Soon MCA will also set higher limit for company audit.Very tough times for CAs The main reason is why ICAI increasing the difficulty level of Papers is demand of CA's in industry is very less.. It is estimated that work of Qualified charterd accountant will reduce to 50% and Demand of Articles will reduce to 20% after 3-5 years
