A discussion was sparked on social media when a post comparing the salary of an IAS officer to that of a Chartered Accountant surfaced. The average salary of an IAS is the starting salary of a CA Why do people prefer IAS? pic.twitter.com/KpODLY8F9i CA Chirag Chauhan (@CAChirag) April 17, 2024 The conversation was initiated […] - Newsx
A chartered accountant (CA) sparked a debate on X when he said he didn't understand why people chose the Indian Administrative Service (IAS) despite the low salary.
Chauhan's argument hinges on the notion that CAs, who often put in long hours and years of study to qualify, might be financially better off in the private sector compared to the public service route of the IAS. However, the response has been mixed.
Under the income tax rules, specified institutions are required to furnish SFT to the I-T department with the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year.