New stipend rate for CA students

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 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....

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