Formula Group Executive Accountant Salaries by 5 Employees

5 - 7 years exp.

₹3.2 Lakhs - ₹3.9 Lakhs

Avg. annual salary

Monthly In-hand Salary

14% more than the average Executive Accountant Salary in Other Companies for 5 - 7 years of experience

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Last Updated: 14 Mar 2023

Companies similar to Formula Group for Executive Accountant

Company name	Avg Annual Salary	Open Jobs
CMS Infosystems Executive Accountant Salary 1 - 7 years exp. (28 salaries)	₹1.2 L/yr - ₹3.8 L/yr 35% less
SGS Executive Accountant Salary 1 - 9 years exp. (23 salaries)	₹1.9 L/yr - ₹5 L/yr 12% less
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Savex Technologies Executive Accountant Salary 4 - 10 years exp. (22 salaries)	₹2.6 L/yr - ₹8 L/yr 34% more
Bureau Veritas Executive Accountant Salary 0 - 13 years exp. (16 salaries)	₹2.5 L/yr - ₹4 L/yr 12% less
Gold Plus Glass Executive Accountant Salary 4 - 12 years exp. (14 salaries)	₹2.8 L/yr - ₹4.5 L/yr 4% less	1 job opening
Astute Corporate Services Executive Accountant Salary 2 - 7 years exp. (12 salaries)	₹2 L/yr - ₹3.6 L/yr 32% less
Cashify Executive Accountant Salary 1 - 3 years exp. (9 salaries)	₹2.2 L/yr - ₹3.6 L/yr 27% less
Rorito International Executive Accountant Salary 2 - 11 years exp. (9 salaries)	₹2.7 L/yr - ₹5 L/yr 4% more
Mitra SK Executive Accountant Salary 2 - 12 years exp. (7 salaries)	₹3.2 L/yr - ₹5 L/yr 1% more
Doms Industries Executive Accountant Salary 0 - 8 years exp. (6 salaries)	₹2.2 L/yr - ₹3.6 L/yr 21% less
TÜV NORD Executive Accountant Salary 8 - 11 years exp. (6 salaries)	₹3 L/yr - ₹6.9 L/yr 71% more
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Abellon Clean Energy Executive Accountant Salary 3 - 6 years exp. (5 salaries)	₹3.6 L/yr - ₹5.1 L/yr 17% more
Intertek Executive Accountant Salary 2 - 7 years exp. (4 salaries)	₹3 L/yr - ₹4 L/yr 12% less
Luxor Writing Instruments Executive Accountant Salary 3 - 6 years exp. (4 salaries)	₹3.6 L/yr - ₹3.7 L/yr 6% less
International Certification Services Executive Accountant Salary 2 - 3 years exp. (4 salaries)	₹2 L/yr - ₹3 L/yr 40% less
Medhaj Techno Concept Executive Accountant Salary 1 - 5 years exp. (4 salaries)	₹1.8 L/yr - ₹4.8 L/yr 25% less
Reliance Group Executive Accountant Salary 1 - 8 years exp. (4 salaries)	₹2.5 L/yr - ₹3 L/yr 27% less
Shakti Precision Components Executive Accountant Salary 1 - 9 years exp. (3 salaries)	₹3 L/yr - ₹4.5 L/yr 4% more

Executive Accountant salary at Formula Group ranges between ₹3.2 Lakhs to ₹3.9 Lakhs per year for employees with experience between 5 years to 7 years. Salary estimates are based on 5 latest salaries received from various employees of Formula Group.

Experience wise Formula Group Executive Accountant salaries

Last Updated: 14 Mar 2023

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹3.4 L/yr - ₹4.4 L/yr
6 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.4 L/yr
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7 years (AmbitionBox Estimate)	₹3.5 L/yr - ₹4.5 L/yr

Similar Designation salaries in Formula Group

Senior Accounts Executive Salary

(5 salaries)

₹3.8 L/yr - ₹5.4 L/yr

Senior Accountant Salary

(3 salaries)

₹4.9 L/yr - ₹6.2 L/yr

Accounts cum Admin Executive Salary

(AmbitionBox Estimate)

₹3.6 L/yr - ₹4.6 L/yr

Senior Executive Finance & Accounts Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Credit Controller Salary

(AmbitionBox Estimate)

₹5.7 L/yr - ₹7.2 L/yr

Accounts Manager Salary

(AmbitionBox Estimate)

₹7.9 L/yr - ₹10.1 L/yr

Assistant Auditor Salary

(AmbitionBox Estimate)

₹2.7 L/yr - ₹3.5 L/yr

Taxation Executive Salary

(AmbitionBox Estimate)

₹2.3 L/yr - ₹2.9 L/yr

Deputy Manager Accounts Salary

(AmbitionBox Estimate)

₹10.8 L/yr - ₹13.8 L/yr

Assistant Manager Finance Salary

(AmbitionBox Estimate)

₹7.5 L/yr - ₹9.5 L/yr

Top skills at Formula Group for Executive Accountant

TDS Troubleshooting Interpersonal Skills Billing Team Development Vendor Payments Account Management Analytical Tally Payment Collection MIS Reporting Time Management Bank Reconciliation Accounting Tax Returns

Salary related reviews for Formula Group

3.0

Rated by 1 employees for salary & benefits

Manager in Hyderabad / Secunderabad

Customer Success, Service & Operations Department

1.0

• posted on 30 May 2022

1.0

for Salary and Benefits

Likes

You just work like slave for no appreciation or salary - what the company pays you it's better what swiggy or zomato pays to their employees. The work culture is horrible and no career growth.

Dislikes

Management

Salary - Bad

+6 more

Customer Service Executive in New Delhi

Customer Success, Service & Operations Department

2.0

• posted on 09 Mar 2019

2.0

for Salary and Benefits

Likes

Supportive team members, salary date is fixed ,provide health insurance ,

Skill development - Good

Dislikes

No job security, salary dedductions , no career growth , no IJP , appraisal depends upon other things not on our capability , politics ..politics ...politics ...

Salary - Poor

+5 more

Sr. Supervisor Fleet Operations in New Delhi

Customer Success, Service & Operations Department

3.0

• posted on 01 Dec 2020

4.0

for Salary and Benefits

Likes

Good work environment, Teammates & management arn"t supportive. There is biggest drawbacks is that your teammates finds your mistakes like that they are going to get award for that.

Salary - Good

Dislikes

There is a lot of politics and the HR team doesn't address our issue, Salary is decent but career growth is slow.

Job security - Bad

+2 more

Senior Executive in New Delhi

Full Time

Legal & Regulatory Department

2.0

• posted on 02 Oct 2024

2.0

for Salary and Benefits

Likes

Just the company name and logo.

Job security - Good

Dislikes

Employee benefits. They just make you work, they will never take you for outing and plus only the Manager and above level are invited for their office parties. We will do the hard work and the Manager and above level will enjoy the success parties. Keep it up FORMULA.

Salary - Poor

+3 more

Senior Executive Operations in Mumbai

Full Time

Customer Success, Service & Operations Department

2.0

• posted on 29 Oct 2024

5.0

for Salary and Benefits

Likes

Salary is getting on time

Salary - Excellent

Dislikes

Mumbai operations manager Wilson Pinto is a selfish manager who never helps the team. Whenever team is in trouble he find the way to blame and target specific individuals. Due to this behaviour almost 6 good employees has been resigned Karan, Raju, Sarfaraz, Niranjan, Deepak and Anil.

Skill development - Bad

+5 more

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Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

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Formula Group Executive Accountant Salary FAQs

What is the salary of Executive Accountant at Formula Group ?

The average salary of a Executive Accountant at Formula Group in India typically ranges from ₹3.2 Lakhs to ₹3.9 Lakhs per year, depending on experience (from 5 years to 7 years).

The top 10% of Executive Accountant at Formula Group earn more than ₹3.7 Lakhs per year, and the top 1% earn over ₹3.7 Lakhs per year. Executive Accountant Salaries at Formula Group 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 5 Formula Group employees in India.

What is the estimated take home salary of a Executive Accountant at Formula Group in India?

The estimated take-home salary of a Executive Accountant at Formula Group in India typically ranges from ₹28,349 to ₹29,737 per month. This is based on the average salary range of ₹3.2 Lakhs to ₹3.9 Lakhs per year for employees with experience ranging from 5 years to 7 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 5 salaries received from various employees of Formula Group. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Executive Accountant at Formula Group ?

To be a Executive Accountant at Formula Group in india, the key skills required include:

- TDS
- Troubleshooting
- Interpersonal Skills
- Billing
- Team Development

These skills are highly valued at Formula Group and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Formula Group for Executive Accountant in India?

TÜV NORD	₹3.0 Lakhs to ₹6.9 Lakhs per year
Savex Technologies	₹2.6 Lakhs to ₹8.0 Lakhs per year
Abellon Clean Energy	₹3.6 Lakhs to ₹5.1 Lakhs per year
Rorito International	₹2.7 Lakhs to ₹5.0 Lakhs per year
Shakti Precision Components	₹3.0 Lakhs to ₹4.5 Lakhs per year

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

What is the salary of a Executive Accountant in companies similar to Formula Group in India?

The salary of a Executive Accountant at companies similar to Formula Group in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Mitra SK	₹3.2 Lakhs to ₹5.0 Lakhs per year
Gold Plus Glass	₹2.8 Lakhs to ₹4.5 Lakhs per year
Luxor Writing Instruments	₹3.6 Lakhs to ₹3.7 Lakhs per year
Intertek	₹3.0 Lakhs to ₹4.0 Lakhs per year
Bureau Veritas	₹2.5 Lakhs to ₹4.0 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 Executive Accountant at Formula Group in India?

The salary growth for a Executive Accountant at Formula Group depends on factors such as experience, performance, and promotions. On average, a Executive Accountant can expect the following growth trajectory at Formula Group:

Experience	Average Salary Range
5 years	₹3.4 Lakhs to ₹4.4 Lakhs per year
6 years	₹3.5 Lakhs to ₹4.4 Lakhs per year
7 years	₹3.5 Lakhs to ₹4.5 Lakhs per year

and so on.

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Formula Group Executive Accountant Salaries

Formula Group Executive Accountant salary in India ranges between ₹3.2 Lakhs to ₹3.9 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Formula Group latest salaries received from various employees of Formula Group.