SHORTAGE OF TAX EXPERTS LED TO A SHARP RISE IN SALARY OF TAX EXPERTS
An acute shortage of trainedtax professionalscoupled with a changing and complex tax landscape has led to a sharp rise in the pay packets of such experts with the average salary more than doubling in the past year alone, according to senior executives from tax and legal firms. While an entry level tax professional today commands not less than Rs 10 lakh per annum in some of the country’s top firms, the salary range for a middle-level professional is between Rs 25 lakh and Rs 35 lakh; while for a partner it ranges upward of Rs 75 lakh.The partner also gets a share of the profit of the firm. A middle-level professionally would typically have put in at least four years, while a senior would have more than 12 years’ experience. Some of the top tax firms and some of the best paying firms in India include Ernst & Young, Khaitan
