Table of Contents
What is the minimum stipend?
Minimum Articleship Stipend as per ICAI
Classification of the Normal Place of Work of the Articled Assistant | During the 1st year of Training |
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i. Cities/ Towns having a population of 20 Lakhs & above | Rs. 2,000/- |
ii. Cities/ Towns having a population of more than 4 Lakhs but less than 20 Lakhs | Rs. 1,500/- |
What CA students do in Articleship?
Be it statutory audits, central statutory audits of banks, tax representations, tax consultancy, ROC compliances, due diligence, investigation or forensic audits, etc. However, even though they do have this much variety of work with them, articled assistants are involved only in auditing and tax advisory matters.
What is the maximum stipend a CA can get for articleship?
Although the minimum articleship stipend is fixed by ICAI, there is no maximum limit and a CA is free to pay any amount as stipend to his articled assistant. Usually, it is the Big 4 CA Firms which pay the highest stipend to ca articles.
How can a CA pay stipend to an articled assistant?
By depositing the amount every month in the account opened by the articled assistant in his own name with a branch of the bank to be specified by the CA. Although the minimum articleship stipend is fixed by ICAI, there is no maximum limit and a CA is free to pay any amount as stipend to his articled assistant.
What should be the stipend of CA students in Minmin?
Min stipend should be 5K, 10K and 15K pm in year 1-3, irrespective of location. CA qualification must become among the top money making profession in India. “ Hundreds of students and professionals joined the discussion, highlighting the various difficulties students encounter as a result of inadequate stipend.
How is the amount of stipend determined under CA Regulation 48(1)?
Explanations to CA Regulation 48(1): i) Stipend will be determined on the basis of population as per the last published Census Report; ii) The amount of stipend will be determined on the basis of place of business of the principal; and