Bhuta Shah & Co. Mumbai Associate Salaries by 10+ Employees (Updated 2025)

0 - 3 years exp.

₹3.6 Lakhs - ₹11 Lakhs

Salary of majority employees

12% more than the average Associate Salary for 0 - 3 years of experience

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Salaries in different departments

Finance & Accounting Associate Salary 0 - 3 years exp. (5 salaries)	₹5.8 L/yr - ₹9.5 L/yr
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Legal & Regulatory Associate Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹3.6 L/yr - ₹8.1 L/yr

Last Updated: 20 Mar 2025

Companies similar to Bhuta Shah & Co. for Associate in Mumbai

Bhuta Shah & Co. Associate Salary

0 - 3 years exp. (16 salaries)

₹3.6 L/yr - ₹11 L/yr

Company name	Avg Annual Salary	Open Jobs
BDO Associate Salary 0 - 8 years exp. (153 salaries)	₹5 L/yr - ₹14 L/yr 8% more
HDFC Life Associate Salary 0 - 4 years exp. (124 salaries)	₹1.1 L/yr - ₹3.3 L/yr 77% less
Login to view exact salary
Teachers Insurance and Annuity Association of America Associate Salary 5 - 11 years exp. (60 salaries)	₹11 L/yr - ₹37 L/yr 161% more
Kotak Mahindara Life Insurance Associate Salary 0 - 6 years exp. (28 salaries)	₹1.3 L/yr - ₹2.6 L/yr 76% less
Karnavat & Co. Associate Salary 1 - 5 years exp. (21 salaries)	₹1.8 L/yr - ₹9.9 L/yr 27% less
Kotak Mahindra General Insurance Associate Salary 0 - 5 years exp. (11 salaries)	₹1.5 L/yr - ₹2.9 L/yr 73% less
MUFG Bank Associate Salary 0 - 6 years exp. (10 salaries)	₹2 L/yr - ₹4.4 L/yr 60% less
L&T Finance Associate Salary 0 - 6 years exp. (5 salaries)	₹1.8 L/yr - ₹3.3 L/yr 72% less
Bajaj Finserv Associate Salary 1 - 2 years exp. (4 salaries)	₹1.2 L/yr - ₹2.7 L/yr 72% less
PolicyBazaar Associate Salary 2 - 4 years exp. (3 salaries)	₹3 L/yr - ₹3.4 L/yr 63% less

Associate salary at Bhuta Shah & Co. ranges between ₹3.6 Lakhs to ₹11 Lakhs per year for employees with less than 1 year of experience to 3 years. Salary estimates are based on 16 latest salaries received from various employees of Bhuta Shah & Co..

Experience wise Bhuta Shah & Co. Associate salaries in Mumbai

Last Updated: 20 Mar 2025

Experience	Avg Annual Salary
Fresher (AmbitionBox Estimate)	₹7.6 L/yr - ₹9.7 L/yr
1 year (8 salaries)	₹7 L/yr - ₹10 L/yr
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2 years (4 salaries)	₹3.6 L/yr - ₹11 L/yr
3 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr

Similar Designation salaries in Bhuta Shah & Co.

Senior Associate Salary

(6 salaries)

₹4.2 L/yr - ₹12.1 L/yr

Top skills at Bhuta Shah & Co. for Associate

Direct Tax Ca Litigation Internal Audit Transfer pricing

Salary related reviews for Bhuta Shah & Co.

3.0

Rated by 2 employees for salary & benefits

Associate in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 22 Apr 2023

3.0

for Salary and Benefits

Likes

On time salary Approachable seniors Friendly colleagues Introduction of new Comp off policy

Job security - Good

Dislikes

Lot of unwanted work pressure, Unrealistic deadlines, Only few teams have work-life balance, Whole year is peak season, High employee attrition rate and human resource crunch, No leave encashment

Work satisfaction - Poor

+2 more

Associate in Mumbai

Finance & Accounting Department

3.0

• posted on 30 Apr 2022

3.0

for Salary and Benefits

Likes

It was a good learning experience since I had exposure to different types of assignments while working with the firm. Also, lot of new skills were imbibed.

Skill development - Good

+1 more

Dislikes

1. The experience largely depends upon the team that one is working with. If the team is not good, one would not have a great experience. (There may be times when one is shouted at, unnecessarily by a few individuals) 2. There is always unnecessary pressure been created by the seniors.

Company culture - Poor

+1 more

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Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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Bhuta Shah & Co. Associate Salary FAQs

What is the salary of Associate at Bhuta Shah & Co. in Mumbai?

The average salary of a Associate at Bhuta Shah & Co. in Mumbai typically ranges from ₹3.6 Lakhs to ₹11.0 Lakhs per year, depending on experience (from Fresher to 3 years).

The top 10% of Associate in Mumbai at Bhuta Shah & Co. earn more than ₹10.0 Lakhs per year, and the top 1% earn over ₹11.0 Lakhs per year. Associate Salaries at Bhuta Shah & Co. can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 10+ Bhuta Shah & Co. employees in India.

What is the estimated take home salary of a Associate at Bhuta Shah & Co. in Mumbai?

The estimated take-home salary of a Associate at Bhuta Shah & Co. in Mumbai typically ranges from ₹64,470 to ₹66,114 per month. This is based on the average salary range of ₹3.6 Lakhs to ₹11.0 Lakhs per year for employees with experience ranging from Fresher to 3 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 10+ salaries received from various employees of Bhuta Shah & Co.. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Associate at Bhuta Shah & Co. in Mumbai?

To be a Associate at Bhuta Shah & Co. in Mumbai, the key skills required include:

- Direct Tax
- Ca
- Litigation
- Internal Audit
- Transfer pricing

These skills are highly valued at Bhuta Shah & Co. and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Bhuta Shah & Co. for Associate in India?

Teachers Insurance and Annuity Association of America	₹11.0 Lakhs to ₹37.0 Lakhs per year
BDO	₹5.0 Lakhs to ₹14.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Bhuta Shah & Co., depending on the role and experience level.

What is the salary of a Associate in companies similar to Bhuta Shah & Co. in Mumbai?

The salary of a Associate at companies similar to Bhuta Shah & Co. in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Karnavat & Co.	₹1.8 Lakhs to ₹9.9 Lakhs per year
MUFG Bank	₹2.0 Lakhs to ₹4.4 Lakhs per year
PolicyBazaar	₹3.0 Lakhs to ₹3.4 Lakhs per year
L&T Finance	₹1.8 Lakhs to ₹3.3 Lakhs per year
Bajaj Finserv	₹1.2 Lakhs to ₹2.7 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Associate at Bhuta Shah & Co. in Mumbai?

The salary growth for a Associate at Bhuta Shah & Co. in Mumbai depends on factors such as experience, performance, and promotions. On average, a Associate in Mumbai can expect the following growth trajectory at Bhuta Shah & Co.:

Experience	Average Salary Range
Fresher	₹7.6 Lakhs to ₹9.7 Lakhs per year
1 year	₹7.0 Lakhs to ₹10.0 Lakhs per year
2 years	₹3.6 Lakhs to ₹11.0 Lakhs per year
3 years	₹8.3 Lakhs to ₹10.6 Lakhs per year

and so on.

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Bhuta Shah & Co. Associate Salaries in Mumbai

Bhuta Shah & Co. Associate salary in Mumbai ranges between ₹3.6 Lakhs to ₹11 Lakhs with an average annual salary of ₹. Salary estimates are based on 16 Bhuta Shah & Co. latest salaries received from various employees of Bhuta Shah & Co..