CAcracker

Cracking CA Exams with Ease !!!

You are here: Home / CA / Articleship / CA Articleship Stipend Rates Increased to Double from Jan 2015

CA Articleship Stipend Rates Increased to Double from Jan 2015

by 27 Comments

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.

CA Articleship stipend

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.

Reader Interactions

Comments

  1. 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.

    Reply

      • 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

        Reply

  6. 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.

    Reply

    • 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.

      Reply

  8. 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.

    Reply

  10. 2000 to abhi room rent paid karna parta hai iska matlab ye hai k garib bachche ca nahi ban sakte

    Reply

  13. 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 .

    Reply

  14. 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.

    Reply

  15. 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.

    Reply

    • there is no rule regarding Sunday although there is minimum 35 hours per week training required this is mentioned in your training guide.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *