The Institute of Chartered Accountants of India (ICAI) announced that the Ministry of Corporate Affairs has granted in-principle approval to the proposed stipend rates payable to articled assistants undergoing two years of practical training under the New Scheme of Education & Training and to the draft amendments to the Chartered Accountants Regulations, 1988. In accordance with Section 30(3) of the Chartered Accountants Act, 1949, the draft amendment notification was published in Part III, Section 4 of the Gazette of India, Extraordinary, dated 25 June 2026, inviting comments from affected persons. The notification and the proposed stipend rates have been hosted on the ICAI website. Stakeholders may submit their suggestions or objections regarding the draft amendments through the specified Google Form by 5 August 2026, within 30 days from the date the Gazette copies were made available to the public, i.e. 4 July 2026, for consideration by the Council.
Board of Studies-Operations
The Institute of Chartered Accountants of India
6th July, 2026
Announcement
Ministry of Corporate Affairs has accorded its in-principle approval on the proposed Stipend rates payable to Articled Assistant undergoing 2 years of practical training under the New Scheme of Education & Training and draft amendment in the Chartered Accountants Regulations, 1988. In terms of the requirement of sub-section (3) of Section 30 of the Chartered Accountants Act, 1949, the notification containing draft amendments has been published in Part III Section 4 of the Gazette of India, Extraordinary, dated 25th June, 2026 seeking comments from the persons likely to be affected thereby. The said Notification has also been hosted on the website of the Institute. The Link to reach the same is https://resource.cdn.icai.org/93090boso-aps5752-gazette-notification.pdf. The proposed Stipend rates payable to articled assistant undergoing 2 years of articled training have also been hosted on the website of the Institute.
The stakeholders may send their suggestions/objections by 5th August, 2026 in regard to the aforesaid draft amendments within 30 days from the date, the copies of the aforesaid Gazette are made available to the public i.e. 4th July, 2026 for consideration of the Council by visiting the following google form link: https://forms.gle/hrhgHJWcJz745i87A
CA. (Dr.) Jai Kumar Batra
Secretary, ICAI
The proposed CA articleship stipend of ₹4,000, ₹5,000, and ₹6,000 is deeply disappointing. A fair stipend should be at least ₹10,000, ₹15,000, and ₹20,000, considering the workload and the rising cost of living.
CA students often work 10–12 hours a day, handling responsibilities that contribute significantly to the functioning of firms. Yet many struggle with inadequate stipends, and in some cases, even those small amounts are not paid on time.
Articleship is meant to provide practical training, but it should not come at the cost of exploiting students. Keeping stipends artificially low simply to minimize staff costs is unfair to aspiring Chartered Accountants.
It’s time to view this issue from the perspective of the students. They deserve fair compensation, timely payment, and respect for the value they bring to the profession.