Good news for CA students.. Finally ICAI has opened its eyes towards lower stipend received by CA students. On 10th september, 2014, ICAI has proposed to increase the stipend of CA students.

This is the new table in regulation no. 48 of the chartered accountant regulations, 1988.

 

Place of service of articled assistantDuring 1st year of trainingDuring 2nd year of trainingDuring remaining period of training
Cities having population of 20 lacks or moreRs. 2000Rs. 2500Rs. 3000
Cities having population of 4 lacks and above but less than 20 lacksRs. 1500Rs. 2000Rs. 2500
Cities having population of less than 4 lacksRs. 1000Rs. 1500Rs. 2000

Explanation:

  • No stipend will be payable for excess leave.
  • For the purpose of population, population figure should be taken from the last published census report of india.
  • If student has worked from more than one principal CA, he can add period of previous CA for calculating stipend limit.