In India, the average annual salary stands at ₹18,91,085, with the most common earnings being ₹5,76,851, according to the Average Salary Survey figures as of July 2023. There is a notable difference in salaries between men and women, as men receive an average salary of ₹19,53,055, while women earn an average salary of ₹15,16,296. These figures reflect the existing gender pay gap in the country.

Average Salary Survey collects and analyses salary data from thousands of individuals from 138 countries around the world. For India, the information provided is derived from an analysis of 11,570 salary surveys.

Among various career fields, Management and Business emerges as the highest-paying profession, with an average income of ₹29,50,185. Following closely behind is the field of Law, where professionals earn an average income of ₹27,02,962.

Additionally, the level of experience plays a significant role in determining earning potential. Individuals with 20+ years of experience command an impressive salary of ₹38,15,462.

Employees with 16-20 years of experience earn a respectable salary of ₹36,50,647, showcasing the financial rewards that come with years of dedication and skill development in their respective fields.

Also, the more educated you are, the more likely you are to get a higher salary. People with doctoral degrees earn the highest salaries ( ₹27,52,407 on an average) while people below High School degrees earn ₹11,12,499 on an average.

In terms of average annual salaries in cities, Solapur emerges as the city with the highest figures, standing at ₹28,10,092, as per the Average Salary Survey. However, it is to be noted that only two people were surveyed in the city.

Mumbai, where 1,748 people were surveyed, follows closely behind with an average annual salary of ₹21,17,870, reflecting the financial opportunities available in the country’s bustling financial capital.