Home > Salary > India > Accounts Payable Specialist
An accounts payable specialist is responsible for managing and processing the company's financial obligations to vendors and suppliers. They ensure that invoices are accurate, approved, and paid on time, while also maintaining strong relationships with external parties. The specialist verifies and reconciles vendor statements, resolves any discrepancies or issues, and prepares reports for management. They also assist in month-end and year-end closing processes, ensuring all transactions are properly recorded and accounted for. Attention to detail, strong organizational skills, and proficiency in accounting software are crucial for success in this role.
Estimated Yearly Salary: 1,571,335 INR
Estimated Monthly Salary: 130,945 INR
Estimated Weekly Salary: 30,218 INR per week
Estimated Hourly Salary: 755 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 126,240 INR
Estimated Weekly Salary: 29,132 INR per week
Estimated Hourly Salary: 728 INR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 17,464 USD
Estimated Monthly Salary: 1,455 USD
Estimated Weekly Salary: 336 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 1,571,335 INR
Estimated Monthly Salary: 130,945 INR
Estimated Weekly Salary: 30,218 INR per week
Estimated Hourly Salary: 755 INR per hour
By working as Accounts Payable Specialist a person can save up to 560 USD per month or 6,722 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Accounts Payable Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Accounts Payable Specialist salary in India
Average Yearly Salary of Accounts Payable Specialist in India is approximately 1,571,335 INR (17,464 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Accounts Payable Specialist do?
An accounts payable specialist is responsible for managing and processing the company's financial obligations to vendors and suppliers. They ensure that invoices are accurate, approved, and paid on time, while also maintaining strong relationships with external parties. The specialist verifies and reconciles vendor statements, resolves any discrepancies or issues, and prepares reports for management. They also assist in month-end and year-end closing processes, ensuring all transactions are properly recorded and accounted for. Attention to detail, strong organizational skills, and proficiency in accounting software are crucial for success in this role.
Skills: accounts payable, financial management, invoice processing, vendor relations, reconciliation, financial reporting
Job industry: Accounting
Job industry: Accounting
How much does Accounts Payable Specialist make?
Salary details
How much does Accounts Payable Specialist make?Estimated Yearly Salary: 1,571,335 INR
Estimated Monthly Salary: 130,945 INR
Estimated Weekly Salary: 30,218 INR per week
Estimated Hourly Salary: 755 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 1,514,880 INREstimated Monthly Salary: 126,240 INR
Estimated Weekly Salary: 29,132 INR per week
Estimated Hourly Salary: 728 INR per hour
Last revision of data: 2024-01-09Accounts Payable Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 17,464 USD
Estimated Monthly Salary: 1,455 USD
Estimated Weekly Salary: 336 USD per week
Estimated Hourly Salary: 8 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Specialist job salary compared to average salary in India.
Comparison shows that a person working as Accounts Payable Specialist in India earns on average:
0.85 times the average salary (or 85% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Accounts Payable Specialist job salary compared to average salary in India.
Comparison shows that a person working as Accounts Payable Specialist in India earns on average:
0.85 times the average salary (or 85% of average salary).
Is Accounts Payable Specialist a well paid job?
Yes, our data show that Accounts Payable Specialist is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Accounts Payable Specialist?
High salary for Accounts Payable Specialist would be somewhere between 1,728,469 INR and 2,278,436 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Accounts Payable Specialist in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 1,571,335 INR
Estimated Monthly Salary: 130,945 INR
Estimated Weekly Salary: 30,218 INR per week
Estimated Hourly Salary: 755 INR per hour
By working as Accounts Payable Specialist a person can save up to 560 USD per month or 6,722 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Accounts Payable Specialist
Pakistan is 1,234 USD
China is 9,996 USD
Nepal is 5,697 USD
Bangladesh is 2,202 USD
Afghanistan is 4,679 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
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4. Neurosurgeon
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7. Urologist
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Data as of 2025Random salary:
Butler (2,380,425 INR per year, pre-tax.)
Retail store manager sporting goods (1,160,337 INR per year, pre-tax.)
Cable contractor (1,961,892 INR per year, pre-tax.)
Gem and diamond cutter (1,835,263 INR per year, pre-tax.)
Neuroradiologist (12,209,427 INR per year, pre-tax.)
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