CA Articleship is compulsory 3 years training which every CA students have to undergo for becoming a CA. There is lot of confusion in the article assistant about CA Articleship stipend rates. So, here I am posting the current CA articleship stipend rates applicable in India. You would have knowing that stipend amount varies as per the city population. There is a common complaint in article assistant that stipend amount is very low, so ICAI president had said in one convocation that Articleship stipend will be increased by 2.5 to 3 Times last year, but still it is not applicable. We strongly recommend that CA Articleship stipend must be increased because the current stipend rate is much lower (may be compatible to salary of Sweeper, if I am not wrong, what you say??). Check the more details about CA Articleship stipend below.
CA Articleship Stipend Current Rate *
The current CA Articleship stipend rates are given in below table:
Every principal engaging an articled assistant or articled clerk, under Regulation 43 shall pay every month to such assistant a minimum monthly stipend at the rates specified in the table below:
|Classification of the normal place of service of the articled assistant||During the first year of training||During the second year of training||During the remaining period of training|
|(i) Cities / towns having a population of twenty lakhs and above.||Rs. 1000/-||Rs. 1250/-||Rs. 1500/-|
|(ii) Cities / towns having a population of four lakhs and above but less than twenty lakhs||Rs. 750/-||Rs. 1000/-||Rs. 1250/-|
|(iii) Cities / towns having a population less than four lakhs.||Rs. 500/-||Rs. 750/-||Rs. 1000/-|
Explanation 1 – For the purpose of this regulation, no stipend shall be payable for any excess leave taken.
Explanation 2-For the purpose of determining the rates at which stipend is payable under this regulation, the period of Articled training of the student under any previous principal or principals (not being any such period prior to 1st July, 1973) shall also be taken into account.
Explanation 3- For the purpose of this regulation, the figures of population shall be taken as per the last published Census Report of India.
(2) The stipend under this regulation shall be paid by the principal to the articled assistant either (a) by a crossed account payee cheque every month against a stamped receipt to be obtained from the articled assistant; or (b) by depositing the amount every month in an account opened by the articled assistant in his own name with a branch of the bank to be specified by the principal. For more details read >official notification.
Recommended Article:- Check CA Articleship Status/Membership Details with ICAI
Future Increases in CA Articleship Stipend *
Former ICAI president J.N.Shah has told last year to increase the article amount 2.5 to 3 time then that of current. Read full information here: 2.5 to 3 Times Increase in Stipend of CA Article Assistant.
But till today, 7th June 2013, there is no official announcement regarding increment in CA articleship stipend. We hope ICAI will very soon implement these increment in stipend.
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