ICAI to increase stipend for CA Articles

A minimum stipend offered to the CA aspirants doing articleship at CA firms will be hiked by 2.5 times to 3 times, president of the Institute of Chartered Accountants of India(ICAI) Jaydeep  Shah announced here today. Talking to newsmen on the sidelines of a conference of CA students, Shah said the amount of stipend varies and depends upon areas fixed by the ICAI like an urban or semi-urban etc. A CA aspirant has to compulsorily undergo three and half years of articleship and get trained at CA firms after clearing first of the two Integrated Professional Competence Course (IPCC) groups. He said if someone is getting a stipend of Rs 1,000 per month would now get between Rs 2500 and Rs 3,000.   He also said that the ICAI has made large investments over the years for different initiatives. Shah claimed that it is still much less costly to do a CA course compared to other professional courses in India. Welcoming the ICAI move to increase the stipend, an office bearer of local chapter of ICAI, M J Parsiya said, “It is a welcome step and will act as morale booster for many as stipend hike will come handy in planning their monthly expenses.” “Stipend amount depends on the population of the city, size of the CA firm and its ability to pay the CA aspirants under articleship,” he said.

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  1. sir stipend must be increase regarding to cost of living now a days 2013.

  2. sir, stipend must be provide according to cost of living per person per/month now a days .
    In metro politen cities need more stipend regarding to other cities and towns.

  3. Ritesh sharma ji i wana reply from u plzzz tell when it will be applicable ….

  4. all these students are asking for the date when the related amendment for increase in stipend will be applicable but no one is ready to apply who is reponsible for that….the stipend will increase…..it was also announced in march-April 2011 bt till it is not apllicable .Is anyone from ICAI can reply…

  5. hello sir
    i had compleated articleship of 18 months.
    i need transfer due to shifting of my brother to another city.
    i m dependent on him.
    so plese suggest me that what documents are required to submit the icai.

    thaking you
    jitendrda kumar gandhi
    cro 0266751

  6. Getting stipend of Rs 3000 to 5000 and surviving in big cities like Bangalore n Chennai is very difficult for the students .

  7. Hamari Institute k member Parliament k member k jese he. Sirf Bolte he Karte kuch nhi.

  8. Dear students,
    Please note that the concept of stipend is surely not to lure you with money. It is to only compensate you for the time spent on job. You should understand that there is nothing that stops the institute from prescribing a higher amount. The only reason Institute does not do it is to KEEP YOU AWAY FROM MONEY. Once you see money you are lured by it and may loose focus which is to qualify and become a CA. Also you need to understand that you also learn when on the job. Stipend is only incidental. The main objective of training is that you learn.
    I hope the rhetoric of the amount will come down.
    Good luck to all those who take up CA as a career choice.
    Ritesh

  9. IT IS INFORMED TO ALL THE STAFF MEMBER OF CA INSTITUTE THAT AS U KNOW INFLATION IS INCREASING DAY BY DAY BUT EVEN THEN TODAY ARTICLE ASSITANTS ARE NOT BEING PAID STIPEND AT SUCH RATE SO THAT THEY CAN EASILY RECOVER THEIR CONVEYENCE, OUR HONOURABLE PRESIDENT Mr. JAYDEEP SHAH SAID 3 MONTH AGO, STIPEND WILL BE INCREASED BY 2.5 TO 3 TIMES BUT IT WAS NOT INCREASED YET PLEASE TELL ME SIR WHEN IT WILL BE APPLICABLE WHEREAS IT IS A RIGHT TIME TO THINK ABOUT IT AND TAKE SUCH STEP WHICH MAKE ALL ARTICLE ASSISTANTS HAPPY.

  10. CA institute will benefit only to the Principals. they are least bothered about students as they have already qualified. its natural insjustice for the whole students community.

  11. sir,
    please don’t frustrate us…
    over 2 years the issue of increase in stipend is going on… Please tell us the correct information regarding from when the increase will be applicable..

  12. yr sach mei yeh toh batado kb increment hoga n if CA pay karne ke capable ho but phir bhi na kare toh uske liye kya kare……..

    waiting for the reply….

  13. aur jaha par stipend nahi milta unka kya.                                                                                      0*3times=0

  14. minimum stipend for CA Articles is only Rs1000 per month and CA professtional fees for one ITR is Rs1500 and it takes only some hrs……………
    this is justice By CA institute

  15. Heartiest welcome to the step taken for increasing minimum stipend.

  16. The name of ICAI president is written wrong. Its Mr. Jaydeep Shah, not Jayesh Shah.