CA Articleship Stipend Rates Increased to Double from Jan 2015
CA Articleship Stipend Rates Doubled:
In a latest move to to sever the cause of CA students, ICAI increased the stipend rates. The wait of lacs of CA student came to its end as ICAI finally increased stipend rates of CA articleship to double and its applicable from 23rd Jan 2015 itself.
CA Articleship is compulsory 3 years training which every CA students have to undergo for becoming a CA. There is lot of confusion in the article assistant about CA Articleship stipend rates. So, here I am posting the current CA articleship stipend rates applicable in India. You would have knowing that stipend amount varies as per the city population. There is a common complaint in article assistant that stipend amount is very low, so ICAI president had said in one convocation that Articleship stipend will be increased by 2.5 to 3 Times last year, and now its applicable. We strongly recommended that CA Articleship stipend must be increased because the current stipend rate is much lower (may be compatible to salary of Sweeper, if I am not wrong, what you say??). Check the more details about CA Articleship stipend below.
Doubled Rate of CA Articleship Stipend
The current increased CA Articleship stipend rates are given in below table:
| Classification of the normal place of service of the articled assistant | During the first year of training | During the second year of training | During the remaining period of training |
| (1) | (2) | (3) | (4) |
| (i) Cities/towns having a population of twenty lakhs and above | Rs.2000/- | Rs.2500/- | Rs.3000/- |
| (ii) Cities/towns having a population of four lakhs and above but less than twenty lakhs | Rs.1500/- | Rs.2000/- | Rs.2500/- |
| (iii)Cities/towns having a population of less than four lakhs | Rs.1000/- | Rs.1500/- | Rs.2000/ |
(source)
Every principal engaging an articled assistant or articled clerk, under Regulation 43 shall pay every month to such assistant a minimum monthly stipend at the rates specified in the table below:
Explanation 1 – For the purpose of this regulation, no stipend shall be payable for any excess leave taken.
Explanation 2-For the purpose of determining the rates at which stipend is payable under this regulation, the period of Articled training of the student under any previous principal or principals (not being any such period prior to 1st July, 1973) shall also be taken into account.
Explanation 3- For the purpose of this regulation, the figures of population shall be taken as per the last published Census Report of India.
(2) The stipend under this regulation shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own name with a branch of the b@nk to be specified by the principal. For more details read >official notification.
Recommended Article:- Check CA Articleship Status/Membership Details with ICAI
Subscribe to our mail updates from below to get notified when ICAI will finally implement increase in CA articleship stipend.
Filed in: Articleship • CA • CA Information
About the Author (Author Profile)
I am Noor Punasiya, owner & founder of CAcracker, aspiring Chartered Accountant and a passionate blogger. I write about educational updates for CA, CS, CMA at CAcracker. Stay in touch with me through Facebook, Twitter or Google+.Subscribe
If you enjoyed this article, subscribe to receive more just like it.
Please increase the stipend of article assistant.i want to go in Big 4 can you tell me what procedure i have to follow.i am going to appear my IPCC exam in May 2014.i am Direct Entry scheme student.
Hello m Ashu ,studnt of c.a final ,I can describe about ur query …
i will become a CA ..
i hv worked as a steward in my native to complete my bcom … i m worki
i will become a CA ..
i hv worked as a steward in my native to complete my bcom … i m working since past 5 years ….
now i want to clear ipcc n ca finals … i want to survive fo 3 years … can u please tell me how i can survive until i finish my articleship …. i m basically from a born rich living poor family guy
I m searching for articleship in Mumbai
I m a fresher and have pass TYBCom
i want to know about current stipend amt
Rs.3000/= per month
ye kaha likha hua hai
Please increase the stipend of article assistant,minimum 3000,3500,4000.
it should be minimum 10000
I am kishore, I have submitted 103 form to charter office in April28,2014 but I can submitted orientation certificate in june16,2014. Please tell me sir which date I have been registered. I have a doubt on that date.
i think it should be 3000/6000/10000 or more than that atleast our travelling should cover
Yes there is a scope for reasonable increase. But if one is hardworking then naturally he will get placed in an accounts department after the articleship training. Now people are spending Lakhs and lakhs for BE and MBA and after that their present market is Rs.6000/- only . so you are in a cheep course which if passed places you in good stead.
I am a student of CA Final and would appear in exam in NOV.,2015.I want to get guidence and notes of CA Final for my study. Please do so,sir.
icai article ka shosan kar raha hai
u r right raza
2000 to abhi room rent paid karna parta hai iska matlab ye hai k garib bachche ca nahi ban sakte
i agree wit that. stipend can be wit a min of 10000 .
ICAI should replace the word STIPEND as Labour charges.
Please its my humble request to I.C.A.I. that please increase the Stipend as to service in city like pune is much more difficult as around 2000 is gone in room rent and after that your food and Travelling expenses is not affordable .
Please Increase the stipend of article assistant, I think minimum stipend should be 3000, 4000, 5000. it is right of article assistant. And current stipend is very small package which is not satisfied to article assistant from that stipend. And Please I requested Don’t Ignore this POINT.
STIPEND IS INCREASED AND ITS REALLY GOOD. BUT IS THERE ANY RULE WHERE SUNDAYS ARE NOT INCLUDED IN THE STIPEND AND IT IS DEDUCTED FOR THAT MONTH. IS IT LIKE (DEDUCT SUNDAYS FROM THAT MONTH AND THAN DEDUCT LEAVES). PLEASE HELP IS THIS CALCULATION CORRECT AND WHERE IT IS SPECIFIED.
there is no rule regarding Sunday although there is minimum 35 hours per week training required this is mentioned in your training guide.
Stipend should be 25000 with Dummy
Sweeper even get 26k for half day sweeping now a days…..
Sweepers even get more than 20k ……….
They really dont know the pain of poverty,have just seen the rich people spending with no hold.