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 assistant||During 1st year of training||During 2nd year of training||During remaining period of training|
|Cities having population of 20 lacks or more||Rs. 2000||Rs. 2500||Rs. 3000|
|Cities having population of 4 lacks and above but less than 20 lacks||Rs. 1500||Rs. 2000||Rs. 2500|
|Cities having population of less than 4 lacks||Rs. 1000||Rs. 1500||Rs. 2000|
- 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.