A person working as Deputy CFO in India typically earns around 61,300 INR. Salaries range from 29,400 INR (lowest) to 96,200 INR (highest).
This is the average salary including housing, transport, and other benefits. Deputy CFO salaries in India vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
![]() 29,400 INR |
![]() 57,600 INR |
![]() 96,200 INR |
Salaries for the position Deputy CFO in India range from 29,400 INR (starting salary) to 96,200 INR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 57,600 INR, half of the professionals who work as Deputy CFO in India earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Deputy CFO in India earn less than 46,900 INR, while 75% earn more. Similarly, the chart shows that 75% earn less than 66,100 INR while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Deputy CFO in India compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 35,500 INR to 50,400 INR. About 20% of salaries are below the 35,500 INR mark, while 10% fall within the range of 50,400 INR to 57,300 INR. Only 5% of individuals have salaries exceeding 57,300 INR.
0 - 2 Years | 34,400 INR | |
2 - 5 Years | +42% | 48,800 INR |
5 - 10 Years | +31% | 64,100 INR |
10 - 15 Years | +23% | 78,800 INR |
15 - 20 Years | +6% | 83,800 INR |
20+ Years | +10% | 91,900 INR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Deputy CFO and this is what we found.
Employees with less than two years of experience earn approximately 34,400 INR.
While someone with an experience level between two and five years is expected to earn 48,800 INR, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 64,100 INR, 31% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 78,800 INR, 23% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 83,800 INR, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 91,900 INR, 10% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 42,800 INR | |
Bachelor's Degree | +59% | 68,200 INR |
Master's Degree | +33% | 90,900 INR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Deputy CFO in order to make a comparison.
Employees at this education level have an average salary of 42,800 INR.
At this level, the average salary becomes 68,200 INR, 59% more than the previous level.
At this level, the average salary becomes 90,900 INR, 33% more than the previous level.
A Master's degree program or any post-graduate program in India costs anywhere from 160,000 INR to 481,000 INR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Deputy CFO in India, the average difference between the salary of male and female employees is 9%.
Male | 64,900 INR | |
Female | -8% | 59,600 INR |
Individuals working as Deputy CFO in India are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 16 months.
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
Received Bonus | 84% | |
No Bonus | 16% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs | |
Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The minimum pay rate per hour for people working as Deputy CFO in India is 170 INR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Accounting and Finance | ![]() | |
Account Examiner | 16,600 INR | ![]() |
Account Executive | 28,500 INR | ![]() |
Accountant | 21,900 INR | ![]() |
Accounting Analyst | 27,600 INR | ![]() |
Accounting Assistant | 17,100 INR | ![]() |
Accounting Associate | 16,200 INR | ![]() |
Accounting Clerk | 14,300 INR | ![]() |
Accounting Coordinator | 20,000 INR | ![]() |
Accounting Head | 45,100 INR | ![]() |
Accounting Manager | 47,500 INR | ![]() |
Accounting Officer | 16,600 INR | ![]() |
Accounting Specialist | 30,400 INR | ![]() |
Accounting Supervisor | 30,900 INR | ![]() |
Accounting Technician | 15,700 INR | ![]() |
Accounting Unit Controller | 37,500 INR | ![]() |
Accounts Executive | 28,500 INR | ![]() |
Accounts Officer | 17,600 INR | ![]() |
Accounts Payable and Receivable Specialist | 22,800 INR | ![]() |
Accounts Payable Assistant | 18,100 INR | ![]() |
Accounts Payable Associate | 20,400 INR | ![]() |
Accounts Payable Clerk | 16,600 INR | ![]() |
Accounts Payable Manager | 44,200 INR | ![]() |
Accounts Receivable Administrator | 32,800 INR | ![]() |
Accounts Receivable Clerk | 16,600 INR | ![]() |
Accounts Receivable Financial Analyst | 31,400 INR | ![]() |
Accounts Receivable Manager | 43,500 INR | ![]() |
Accounts Receivable Team Leader | 32,800 INR | ![]() |
Algorithmic Trading Specialist | 39,400 INR | ![]() |
Assistant Accountant | 17,100 INR | ![]() |
Assistant Accounting Manager | 41,800 INR | ![]() |
Assistant Auditor | 22,300 INR | ![]() |
Assistant Corporate Controller | 30,400 INR | ![]() |
Assistant Finance Manager | 46,600 INR | ![]() |
Assistant Financial Controller | 30,400 INR | ![]() |
Audit Director | 51,300 INR | ![]() |
Audit Supervisor | 40,900 INR | ![]() |
Auditing Clerk | 17,600 INR | ![]() |
Auditing Manager | 46,600 INR | ![]() |
Billing Clerk | 17,100 INR | ![]() |
Billing Coordinator | 20,400 INR | ![]() |
Billing Specialist | 23,800 INR | ![]() |
Billing Supervisor | 34,200 INR | ![]() |
Bookkeeper | 14,700 INR | ![]() |
Bookkeeping Specialist | 21,400 INR | ![]() |
Budget Analyst | 38,500 INR | ![]() |
Budget Manager | 46,100 INR | ![]() |
Business Support Analyst | 25,200 INR | ![]() |
Capital Markets Associate | 33,700 INR | ![]() |
Cash Flow Analyst | 33,700 INR | ![]() |
Cash Management Manager | 44,200 INR | ![]() |
Cash Management Officer | 25,700 INR | ![]() |
Cashbook Clerk | 15,200 INR | ![]() |
Chartered Accountant | 28,500 INR | ![]() |
Chief Accountant | 33,300 INR | ![]() |
Chief Financial Technology Officer | 46,600 INR | ![]() |
Collections Clerk | 13,800 INR | ![]() |
Collections Representative | 19,500 INR | ![]() |
Collections Specialist | 22,800 INR | ![]() |
Corporate Controller | 35,600 INR | ![]() |
Corporate Treasurer | 42,800 INR | ![]() |
Cost Accountant | 22,600 INR | ![]() |
Cost Accounting Manager | 44,400 INR | ![]() |
Cost Accounting Supervisor | 36,100 INR | ![]() |
Cost Analyst | 35,600 INR | ![]() |
Credit and Collection Manager | 44,700 INR | ![]() |
Credit and Collection Staff | 17,100 INR | ![]() |
Credit and Loans Officer | 16,200 INR | ![]() |
Credit Controller | 30,900 INR | ![]() |
Credit Manager | 46,600 INR | ![]() |
Debt Adviser | 37,100 INR | ![]() |
Debt Collector | 18,100 INR | ![]() |
Debtors Clerk | 15,400 INR | ![]() |
Debtors Controller | 16,600 INR | ![]() |
Deputy CFO | 61,300 INR | ![]() |
Deputy Head of Finance | 61,300 INR | ![]() |
Derivative Trader | 38,500 INR | ![]() |
Director of Finance | 66,000 INR | ![]() |
E-commerce Accountant | 23,300 INR | ![]() |
Economist | 52,300 INR | ![]() |
Equity Analyst | 39,700 INR | ![]() |
Escrow Assistant | 20,000 INR | ![]() |
Executive Accountant | 25,200 INR | ![]() |
External Auditor | 31,400 INR | ![]() |
Finance Administrator | 26,100 INR | ![]() |
Finance Analyst | 40,400 INR | ![]() |
Finance Associate | 19,500 INR | ![]() |
Finance Data Analyst | 36,100 INR | ![]() |
Finance Director | 66,000 INR | ![]() |
Finance Executive | 47,500 INR | ![]() |
Finance Licensing Clerk | 16,200 INR | ![]() |
Finance Licensing Manager | 42,800 INR | ![]() |
Finance Licensing Specialist | 24,200 INR | ![]() |
Finance Manager | 62,700 INR | ![]() |
Finance Officer | 21,400 INR | ![]() |
Finance President | 66,000 INR | ![]() |
Finance Relationship Manager | 51,800 INR | ![]() |
Finance Release Analyst | 25,700 INR | ![]() |
Finance Specialist | 37,100 INR | ![]() |
Finance Team Leader | 49,900 INR | ![]() |
Financial Accountant | 22,300 INR | ![]() |
Financial Actuary | 34,200 INR | ![]() |
Financial Administrator | 37,100 INR | ![]() |
Financial Advisor | 40,600 INR | ![]() |
Financial Analyst | 40,400 INR | ![]() |
Financial Applications Specialist | 28,000 INR | ![]() |
Financial Assistant | 18,100 INR | ![]() |
Financial Associate | 21,400 INR | ![]() |
Financial Claims Analyst | 30,200 INR | ![]() |
Financial Claims Manager | 39,900 INR | ![]() |
Financial Claims Supervisor | 37,100 INR | ![]() |
Financial Clerk | 17,100 INR | ![]() |
Financial Commercial Analyst | 32,300 INR | ![]() |
Financial Compliance Analyst | 36,100 INR | ![]() |
Financial Compliance Officer | 35,400 INR | ![]() |
Financial Consultant | 29,900 INR | ![]() |
Financial Controller | 35,600 INR | ![]() |
Financial Coordinator | 20,500 INR | ![]() |
Financial Customer Service Manager | 40,900 INR | ![]() |
Financial Data Scientist | 41,600 INR | ![]() |
Financial Dealer and Broker | 24,200 INR | ![]() |
Financial Director | 66,000 INR | ![]() |
Financial Encoder | 19,000 INR | ![]() |
Financial Manager | 62,700 INR | ![]() |
Financial Modelling Analyst | 40,100 INR | ![]() |
Financial Operations Manager | 57,000 INR | ![]() |
Financial Policy Analyst | 34,700 INR | ![]() |
Financial Project Manager | 46,100 INR | ![]() |
Financial Quantitative Analyst | 38,500 INR | ![]() |
Financial Reporting Consultant | 32,300 INR | ![]() |
Financial Reporting Manager | 42,800 INR | ![]() |
Financial Section Head | 42,800 INR | ![]() |
Financial Services Manager | 57,000 INR | ![]() |
Financial Services Sales Agent | 24,700 INR | ![]() |
Financial Technology Consultant | 35,200 INR | ![]() |
Financial Wellness Coach | 45,800 INR | ![]() |
FinTech Analyst | 38,500 INR | ![]() |
Fixed Assets Administrator | 23,300 INR | ![]() |
Forensic Accountant | 26,100 INR | ![]() |
Fraud Detection Supervisor | 27,600 INR | ![]() |
Fraud Prevention Manager | 45,600 INR | ![]() |
Fund Accountant | 21,400 INR | ![]() |
Grants Coordinator | 16,600 INR | ![]() |
Green Finance Analyst | 34,000 INR | ![]() |
Group Financial Manager | 64,100 INR | ![]() |
Internal Auditor | 29,900 INR | ![]() |
Internal Control Adviser | 35,200 INR | ![]() |
Internal Control Officer | 19,500 INR | ![]() |
International Tax Director | 54,200 INR | ![]() |
Inventory Accountant | 23,300 INR | ![]() |
Investment Advisor | 59,900 INR | ![]() |
Investment Analyst | 44,200 INR | ![]() |
Investment Associate | 37,500 INR | ![]() |
Investment Broker | 37,500 INR | ![]() |
Investment Fund Manager | 49,900 INR | ![]() |
Investment Operations Manager | 49,900 INR | ![]() |
Investment Underwriter | 19,000 INR | ![]() |
Investor | 29,000 INR | ![]() |
Investor Relations Manager | 45,100 INR | ![]() |
KYC Team Leader | 43,200 INR | ![]() |
Loan Processor | 18,500 INR | ![]() |
Management Accountant | 24,900 INR | ![]() |
Management Economist | 52,300 INR | ![]() |
Paymaster | 18,100 INR | ![]() |
Payroll Administrator | 29,500 INR | ![]() |
Payroll Benefits Coordinator | 24,700 INR | ![]() |
Payroll Billing Manager | 40,900 INR | ![]() |
Payroll Clerk | 19,500 INR | ![]() |
Payroll Manager | 40,900 INR | ![]() |
Payroll Officer | 19,500 INR | ![]() |
Payroll Specialist | 23,300 INR | ![]() |
Payroll Supervisor | 28,500 INR | ![]() |
Pensions Administrator | 23,800 INR | ![]() |
Personal Financial Advisor | 33,300 INR | ![]() |
Pricing Analyst | 37,100 INR | ![]() |
Private Equity Analyst | 39,700 INR | ![]() |
Project Accountant | 23,800 INR | ![]() |
Proposal Development Coordinator | 20,000 INR | ![]() |
Quantitative Trader | 32,100 INR | ![]() |
Receivables Accountant | 20,700 INR | ![]() |
Regulatory Accountant | 24,500 INR | ![]() |
Retirement Plan Analyst | 35,600 INR | ![]() |
Revenue Management Specialist | 37,100 INR | ![]() |
Revenue Recognition Analyst | 41,300 INR | ![]() |
Risk Management Director | 53,700 INR | ![]() |
Risk Management Supervisor | 44,200 INR | ![]() |
Staff Accountant | 21,400 INR | ![]() |
Tax Accountant | 21,100 INR | ![]() |
Tax Administrator | 24,200 INR | ![]() |
Tax Advisor | 34,200 INR | ![]() |
Tax Analyst | 34,200 INR | ![]() |
Tax Associate | 19,000 INR | ![]() |
Tax Consultant | 35,600 INR | ![]() |
Tax Director | 51,800 INR | ![]() |
Tax Examiner | 23,800 INR | ![]() |
Tax Manager | 45,600 INR | ![]() |
Tax Research Manager | 45,600 INR | ![]() |
Teller | 13,300 INR | ![]() |
Treasury Accountant | 24,600 INR | ![]() |
Treasury Analyst | 37,100 INR | ![]() |
Underwriter | 15,700 INR | ![]() |
Underwriting Assistant | 14,700 INR | ![]() |
Vice President of Finance | 61,300 INR | ![]() |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in India is 5% on average across all career fields.
Private Sector | 31,100 INR | |
Public Sector | +5% | 32,800 INR |
A good and competitive compensation would range anywhere between 57,600 INR and 66,100 INR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like Deputy CFO in India ranges from 29,400 INR to 46,900 INR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary