ARTICLESHIP STIPEND AS PER PREVIOUS RULE
Every principal who engages an articled assistant or assistants, as per Regulation 43, is required to provide a minimum monthly stipend to such assistants. The stipend rates are outlined in the following table:
| Classification of the normal place of service of the articled assistant | Stipend Payable per month during the first year of training | Stipend Payable per month during the second year of training | Stipend Payable per month during the remaining period of training | ||
|---|---|---|---|---|---|
| Cities/Towns with a population of 20 lakhs and above | Rs 2,000 | Rs 2,500 | Rs 3,000 | ||
| Cities/Towns with a population of 4 lakhs and above but less than 20 lakhs | Rs 1,500 | Rs 2,000 | Rs 2,500 | ||
| Cities/Towns with a population of less than 4 lakhs | Rs 1,000 | Rs 1,500 | Rs 2,000 |
Explanation 1: Stipend will not be payable for any excess leave taken by the articled assistant.
Explanation 2: When determining the stipend rates under this regulation, the period of Articled training of the student under any previous principal or principals (excluding periods prior to 1st July 1973) shall also be considered.
Explanation 3: The population figures shall be based on the most recent published Census Report of India.
Additionally, the stipend mentioned in this regulation should be disbursed by the principal to the articled assistant using either of the following methods:
1. By issuing a crossed account payee cheque each month, accompanied by a stamped receipt obtained from the articled assistant.
2. By depositing the stipend amount every month into an account opened by the articled assistant in their name, with a bank branch specified by the principal.
ICAI has recently announced a significant enhancement in the stipend rates for CA students undergoing articleship, as outlined in Clause 22 of the notification issued on June 21, 2023. This alteration falls under the Chartered Accountants (Amendment) Regulations 2023, and it involves the modification of CA Regulation 48(1).
ARTICLESHIP STIPEND AS PER RULE
Enhanced Minimum Stipend Rates Based on City/Town Classification under CA Regulation 48(1)
The newly revised stipend rates for CA articles, as indicated in the updated CA Regulation 48(1), are as follows:
A. Cities/Towns with a Population of 20 Lakh and Above:
- First Year: ₹4,000
- Second Year: ₹5,000
- Third Year: ₹6,000
B. Cities/Towns with a Population of 5 Lakh and Above but Below 20 Lakh:
- First Year: ₹3,000
- Second Year: ₹4,000
- Third Year: ₹5,000
C. Cities/Towns with a Population Below 5 Lakh:
- First Year: ₹2,000
- Second Year: ₹3,000
- Third Year: ₹4,000
This revision underscores ICAI's commitment to ensuring a fair compensation structure for CA students during their articleship journey. These stipend adjustments, reflective of different city/town categories, are designed to provide a more equitable experience to aspiring chartered accountants as they progress through their training.
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Did ICAI increased Articleship Stipend under new CA Scheme?
Yes, ICAI increased articleship stipend under new CA course.
If I'm Third Year article, How much I'll get stipend according to new ca course?
Depending on the Population of your city you will receive 4000 to 6000.
Minimum Stipend for ca articleship as per icai 2023
Depending on the population of your city, if Population is below 2 lakh the minimum stipend is 2000, if above 5 lakh but below 20 lakh then 3000, if above 20 lakh population of your city, you can receive 4000 per month.
What is minimum stipend in BIG4?
The minimum stipend starting 15000 in first year, 20000 in second year, 25000 in 3rd year.
How much stipend do mid size firms pay?
Generally, mid-size firms pay according to ICAI's minimum stipend policy. However, some CAs are good in nature; they may offer 8000 to 10000 in the first year of articleship.