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Tata Power Financial Associate salaries in Mumbai (Updated 2025)

Annual salary range
1 - 8 years exp.
₹2.5 Lakhs - ₹6.5 Lakhs
Salary of majority employees
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32% less than the average Financial Associate Salary in Power Companies for 1 - 8 years of experience

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Salaries in different departments

Finance & Accounting
Financial Associate Salary
1 - 8 years exp. (24 salaries)
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₹2.5 L/yr - ₹6.4 L/yr

Procurement & Supply Chain
Financial Associate Salary
7 - 8 years exp. (AmbitionBox Estimate)
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₹4.1 L/yr - ₹6.5 L/yr

Last Updated: 28 Feb 2025

Companies similar to Tata Power for Financial Associate in Mumbai

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Tata Power Financial Associate Salary

1 - 8 years exp. (29 salaries)

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₹2.5 L/yr - ₹6.5 L/yr

vs
Company name Avg Annual Salary Open Jobs
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State Street Syntel Financial Associate Salary

0 - 5 years exp. (111 salaries)

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₹1.5 L/yr - ₹3.5 L/yr

arrow icon 20% less
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Eviden Financial Associate Salary

1 - 4 years exp. (101 salaries)

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₹1.8 L/yr - ₹4 L/yr

arrow icon 23% less
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SS&C TECHNOLOGIES Financial Associate Salary

0 - 6 years exp. (52 salaries)

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₹2 L/yr - ₹5 L/yr

arrow icon 9% less
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Blenheim Chalcot Financial Associate Salary

1 - 6 years exp. (38 salaries)

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₹2.4 L/yr - ₹5.4 L/yr

arrow icon 8% more
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Morgan Stanley Financial Associate Salary

2 - 7 years exp. (34 salaries)

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₹8 L/yr - ₹16.5 L/yr

arrow icon 225% more
Financial Associate salary at Tata Power ranges between ₹2.5 Lakhs to ₹6.5 Lakhs per year for employees with experience between 1 year to 8 years. Salary estimates are based on 29 latest salaries received from various employees of Tata Power.

Latest annual salaries shared by Tata Power Financial Associate in Mumbai

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Experience wise Tata Power Financial Associate salaries in Mumbai

Last Updated: 28 Feb 2025

Experience Avg Annual Salary
1 year (AmbitionBox Estimate)

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₹2.5 L/yr - ₹3.2 L/yr
2 years (AmbitionBox Estimate)

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₹2.8 L/yr - ₹3.6 L/yr
3 years (AmbitionBox Estimate)

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₹3.1 L/yr - ₹3.9 L/yr
4 years (AmbitionBox Estimate)

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₹3.4 L/yr - ₹4.3 L/yr
5 years  (6 salaries)

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₹2.5 L/yr - ₹4.5 L/yr
View all

Similar Designation salaries in Tata Power

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₹5.5 L/yr - ₹18 L/yr
Team Lead Salary
(14 salaries)
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₹6.4 L/yr - ₹15 L/yr
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₹2.4 L/yr - ₹3.65 L/yr

Top skills at Tata Power for Financial Associate

Finance Invoice Processing Auditing Accounting TDS ERP System Vendor Payments Internal Audit Expenses Vendor Reconciliation Cost Audit Ap Taxation Statutory Audit Banking

Salary related reviews for Tata Power

4.4

Rated by 3 employees for salary & benefits

Full Time

 · 

Engineering - Software & QA Department

4.0
  •  posted on 17 Jan 2025

4.0
 for  Salary and Benefits

Likes

Accommodation provided which is helpful for lower grade employee Car/Bike petrol reimbursement Car Policy for higher grade employee Good mediclaim policy with Tata AIG

read more
  • Salary - Good
  • +3 more

Dislikes

Variable pay is 50% of your basic salary which is very higher

  • Promotions - Poor

Full Time

 · 

Construction & Site Engineering Department

4.0
  •  posted on 25 Mar 2025

3.0
 for  Salary and Benefits

Likes

On time salary and holidays as per the government calendar

  • Skill development - Good
  • +3 more

Dislikes

Here no special treatment given to the fresher or the new joiners. There is not learning stage one can get. But I think that depends upon reporting officers.

read more

Full Time

 · 

Energy & Mining Department

1.0
  •  posted on 27 Jun 2022

1.0
 for  Salary and Benefits

Likes

Only Salary on time.

Dislikes

Tata is only brand name and spent too many money for positive brand name. Main aim is to sucks the money from the people. Tata code of conduct is only on paper but ground reality is different.

read more
  • Salary - Bad
  • +6 more

Full Time

 · 

Energy & Mining Department

4.0
  •  posted on 13 Mar 2025

4.0
 for  Salary and Benefits

Likes

Company wants to deliver a lot of facilities according to policies but many privileges are denied by project mangers and above.

read more
  • Salary - Good
  • +3 more

Dislikes

We work at site in remote areas. Our allowances are very less. Being in office and being on site has no difference in salary but too much difference in work conditions, pressure, targets and exploitation by management.

read more
  • Promotions - Bad
  • +2 more

Full Time

 · 

Human Resources Department

3.0
  •  posted on 20 Sep 2024

1.0
 for  Salary and Benefits

Likes

Its just the brand value

  • Job security - Good

Dislikes

...would be free of cost if we work there for 4 years. Else we need to buy back it. When it was time to buy back i had to pay about 50k for it. WHICH WAS ALSO NOT MENTIONED DURING INTERVIEW. The work culture is too bad. No one cares about employees.

read more
  • Salary - Bad
  • +4 more
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Tata Power Financial Associate Salary FAQs

What is the salary of Financial Associate at Tata Power in Mumbai?
The average salary of a Financial Associate at Tata Power in Mumbai typically ranges from ₹2.5 Lakhs to ₹6.5 Lakhs per year, depending on experience (from 1 year to 8 years).

The top 10% of Financial Associate in Mumbai at Tata Power earn more than ₹6.1 Lakhs per year, and the top 1% earn over ₹6.5 Lakhs per year. Financial Associate Salaries at Tata Power 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 20+ Tata Power employees in India.
What is the estimated take home salary of a Financial Associate at Tata Power in Mumbai?
The estimated take-home salary of a Financial Associate at Tata Power in Mumbai typically ranges from ₹27,507 to ₹28,908 per month. This is based on the average salary range of ₹2.5 Lakhs to ₹6.5 Lakhs per year for employees with experience ranging from 1 year to 8 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 20+ salaries received from various employees of Tata Power. Check how we calculate in-hand salary with our in-hand salary calculator.
What are the key skills required to be a Financial Associate at Tata Power in Mumbai?
To be a Financial Associate at Tata Power in Mumbai, the key skills required include:

  • - Finance
  • - Invoice Processing
  • - Auditing
  • - Accounting
  • - TDS

These skills are highly valued at Tata Power and are crucial for successful performance in a Software Engineering role.
Which companies offer higher salaries than Tata Power for Financial Associate in India?
Morgan Stanley ₹8.0 Lakhs to ₹16.5 Lakhs per year
Blenheim Chalcot ₹2.4 Lakhs to ₹5.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Tata Power, depending on the role and experience level.
What is the salary of a Financial Associate in companies similar to Tata Power in Mumbai?
The salary of a Financial Associate at companies similar to Tata Power in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

SS&C TECHNOLOGIES ₹2.0 Lakhs to ₹5.0 Lakhs per year
State Street Syntel ₹1.5 Lakhs to ₹3.5 Lakhs per year
Eviden ₹1.8 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 Financial Associate at Tata Power in Mumbai?
The salary growth for a Financial Associate at Tata Power in Mumbai depends on factors such as experience, performance, and promotions. On average, a Financial Associate in Mumbai can expect the following growth trajectory at Tata Power:

Experience Average Salary Range
1 year ₹2.5 Lakhs to ₹3.2 Lakhs per year
2 years ₹2.8 Lakhs to ₹3.6 Lakhs per year
3 years ₹3.1 Lakhs to ₹3.9 Lakhs per year
4 years ₹3.4 Lakhs to ₹4.3 Lakhs per year
and so on.

Tell us how to improve this page.

Tata Power Financial Associate salary in Mumbai ranges between ₹2.5 Lakhs to ₹6.5 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 29 Tata Power latest salaries received from various employees of Tata Power.