CA ARTICLESHIP STIPEND RATE 2018 & ICAI RULES 2018
The Institute of Chartered Accountant of India (icai) has given notification about CA Articleship Stipend rate 2018 i.e minimum amount a CA Student will get during his/her articleship training as a salary. ICAI stipend rate 2018 , ca articleship training minimum stipend 2018, new ca stipend rate by icai available here.
Articleship Training is a 3 years of service under a Practicing Chartered Accountant, as per course every student have to compulsory to undergo under articleship training. See Chartered Accountancy Course for more details.
The stipend is a particular amount of sum payable to an article as a salary, regularly, during his/her articleship by the principal. The Institute has placed a minimum limit on the stipend payable to an article. As per the notification, every principal has compulsory to pay the stipend to his/her article during training their training period.
The revised CA Articleship Stipend Rates per month are as follows:
1.Cities/towns having the population above 20 Lakhs
- First Year of Articleship – Rs 2000
- Second Year of Articleship – Rs 2500
- Third Year of Articleship – Rs 3000
2.Cities/towns having population 4-20 Lakhs
- First Year of Articleship – Rs 1500
- Second Year of Articleship – Rs 2000
- Third Year of Articleship – Rs 2500
3.Cities/towns having population below 10 Lakhs
- First Year of Articleship – Rs 1000
- Second Year of Articleship – Rs 1500
- Third Year of Articleship – Rs 2000
The Stipend rate depends upon city/town’s Population. Cities with big population have the high rate of payment for stipend whereas, cities with low population have the low rate of pay.
Some Big Firms like”Big Four” pay high rate of stipend amount to articles, the pay range is Rs 10000 – Rs 25000. In Big Four, foreign visits are also made by articles and the level of articleship is being more corporate and Professional.