Monthly Stipend to articled assistants increased by ICAI – For CA students

A student pursuing chartered accountancy course has to undergo compulsory 3 years of training as an articled assistants under a chartered accountant in practice. As per ICAI regulations, chartered accountant under whose supervision such trainings are carried on are required to pay stipend to articled assistants.

On 23rd January 2015 the Council, with the approval of the Central Government, makes changes to the Chartered Accountants Regulations, 1988. Due to this following changes are now in force from 23rd January 2015;

In regulation 48, in sub-regulation (1), which deals with stipend to articled assistants, following changes are carried on;

Classification of the normal place of service of the articled assistant

Stipend Payable Per Month

During the first year of training During the second year of training During the remaining period of training
Cities/towns having apopulation of twentylakhs and above Rs 2000 Rs 2500 Rs 3000
Cities/towns having apopulation of four lakhsand above but less thantwenty lakhs Rs 1500 Rs 2000 Rs 2500
Cities/towns having apopulation of less thanfour lakhs Rs 1000 Rs 1500 Rs 2000

On this issue a draft regulation were published on 10th September 2014 by inviting objections and suggestions from persons likely to be affected thereby within 45 days from the date of publication of draft regulation.

stipend to artciled assistant for ca students

After receiving objections and suggestions from public, the said draft regulations have been considered by the Council of the Institute of chartered accountants of India (ICAI) to make above changes for stipend to articled assistants.

With this change now stipend to articled assistant pursuing chartered accountancy course has now been doubled compare to last stipend eligibility.

Earlier a chartered accountant student during his or her training period or while working as an articled assistant use to get following stipend from chartered accountants based on the location of firms;

Classification of the normal place of service of the articled assistant Stipend Payable Per Month
During the first year of training During the second year of training During the remaining period of training
Cities/towns having apopulation of twentylakhs and above Rs 1000 Rs 1250 Rs 1500
Cities/towns having apopulation of four lakhsand above but less thantwenty lakhs Rs 750 Rs 1000 Rs 1250
Cities/towns having apopulation of less thanfour lakhs Rs 500 Rs 750 Rs 1000

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