ICAI requests its members to pay Annual Membership & COP Fees

The Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate of The Institute of Chartered Accountants of India has issued a circular regarding the Annual Membership/Certificate of Practice fees for the year 2023-2024. The fees became due on 1st April, 2023, and should be paid by 30th September, 2023. Members are advised to pay the fees promptly as the Tax Invoice has already been generated.

The circular provides the fee structure for different categories of members. For members holding a Certificate of Practice (COP), the fees range from Rs. 5,310 for associates to Rs. 8,260 for fellows. Members not holding COP are divided into two age groups: below 60 years and above 60 years. The fees for the former group are Rs. 1,770 for associates and Rs. 3,540 for fellows, while the latter group has fees of Rs. 1,298 for associates and Rs. 2,714 for fellows. All fees mentioned are inclusive of GST at 18%.

The circular also mentions a scheme called “I GO GREEN with ICAI,” where members opting for the e-journal will receive a discount of Rs. 590 (including Rs. 90 GST) on the total amount of Membership Fees. Air Mail charges for the CA Journal are applicable for members abroad and amount to Rs. 2,478 (including GST), but they are waived if the member opts for the e-journal.

Additionally, members are encouraged to contribute to the Chartered Accountants Benevolent Fund (CABF). The fund offers optional life membership for Rs. 10,000 and a yearly subscription of Rs. 1,000. Voluntary contributions are also accepted. There is a similar fund called the S Vaidyanath Aiyar Memorial Fund, which offers optional life membership for Rs. 1,000 and a yearly subscription of Rs. 50, along with voluntary contributions.

Payment of fees should be made online through the Self-Service Portal (SSP) provided by ICAI. The circular also includes instructions for firms to make payments on behalf of their partners through the SSP.

The circular concludes with an appeal for generous contributions to the Chartered Accountants Benevolent Fund (CABF).

Members & Students Services (Grievances Handling and e-Sahaayataa) Directorate
The Institute of Chartered Accountants of India
26th May, 2023

ANNUAL FEE CIRCULAR 2023-24

M&SS/Fee-Circular/2023-24

26th May, 2023

Members are advised to remit Annual Membership/Certificate of Practice fees for the year 2023-2024, which became due for payment on 1st April, 2023 and needs to be paid on or before 30th September, 2023. All Members are requested to pay the fee immediately as Tax Invoice (in terms of GST Liability) has been already generated. The applicable amount of Annual Membership/Certificate of Practice Fee including GST is given below.

Members may also pay total fees in advance for Membership/COP in exact amount for 10 years (1+9 years) along with GST. In such case, any upward revision in amount of fee in future, their Membership/COP will not be removed/cancelled from the Register of Members/COP on account of fee revision. [It may be noted that an ACA who has paid advance membership fee for a period not exceeding 10 years and at a later stage opts for FCA status then the member is required to pay difference of fee (the difference of fee in conversion from ACA to FCA and Fellow Member Admission Fee) for the remaining period.]

Annual Membership Fees Structure for the year 2023-2024

ICAI is promoting “I GO GREEN with ICAI” scheme under which Member opting e-journal will be given a discount of Rs.590/- (including Rs. 90 GST) on total amount of Membership Fees.

Air Mail charges payable for CA Journal (in case of members abroad) Rs. 2478/- including GST (not applicable if member opts for e-journal).

We appeal to all our members to contribute generously to Chartered Accountants Benevolent fund (CABF)

Payment of fee shall be made online through Self-Service Portal (SSP) at the link https://eservices.icai.org/

Procedure for Payment of Annual Membership/COP Fees of Partner by the Firm

The Partner has to give consent for payment of fees by the Firm through his login on SSP. Click “Pay Now/Give consent” >> Select Yes (see screenshot) >> Select Firm >> select Journal Type >> Check details >> select “I agree” >> Submit.

After that HI (Head Incharge) of the Firm will login to his account on SSP >> will click “Firm Function” >> will click “ICAI Bulk Renewal Form for HI” >> will click on “Bulk Renewal Form” >> will select FRN >> select check box “Make payment for Partners” >> Click “Proceed” >> Details of the Partners who have provided their consent will appear >> Proceed and make payment.

User Manual for annual Membership and COP payment is available at the link https://resource.cdn.icai.org/61637sspfaq-50147mem-fee.pdf

Rajesh Kr. Bhalla
Additional Secretary

Extend your helping hands: Contribute Generously to CABF