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Aricleship stipend query

18 June 2013

Can anyone please let me know whether the leaves allowed during the articleship period are elegible for stipend (are they paid leaves?) i.e if i have taken leaves for two weeks, whether my principal should pay me for whole month or by deducting stipend for the respective days of leave?

i find nowhere this is mentioned in Training Guide

please help me on this.

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6 Replies

ash ash (student) (60 Points)
Replied 18 June 2013

I don't think there will be deduction for the little Stipend that you earn. Only in rare cases of excess leave there might be chances of stip being deducted. Generally you get the stipend as fixed by your firm.

Arpit Pachisia (CA) (734 Points)
Replied 18 June 2013

hi sweety,

there is no such deduction for the said period in articleship. yes these are just like paid leaves, so your ca will not deduct the stipend. they can deduct your stipend only if they already told about it to you at the time of joining of articleship, otherwise they will not deduct the stipend.

1 Like

CA Vasiullah (Vasi) (Audit Executive) (1813 Points)
Replied 19 June 2013

Originally posted by : ash*t rasquinha
	I don't think there will be deduction for the little Stipend that you earn. Only in rare cases of excess leave there might be chances of stip being deducted. Generally you get the stipend as fixed by your firm.

agree

Sudip Kumar Shaw (Live Simple.. Achieve BIG..) (493 Points)
Replied 19 June 2013

What if leave is taken for a whole month for exam purpose. will he/she is entitled to get stipend for that month..?

kishore (STUDENT(IPCC)) (867 Points)
Replied 19 June 2013

its all depends on principal

Ajay Mishra (Company Secretary) (74332 Points)
Replied 19 June 2013

LEAVE

The trainees earn leave at the rate of one - sixth of the period actually served by them. Leave due shall ordinarily be granted, if reasonable notice has been given to the Principal by the trainee. In order to prepare for the examinations of the Institute, the trainees shall be granted leave for two months or to the extent of leave due, whichever is less, provided an application for the leave has been made at least 15 days in advance. The days on which a trainee appears for the examination conducted by the Institute (including holidays) are counted as a period on duty. Regulation 59 regarding leave to an Articled Assistant and Regulation 74 regarding leave to Audit Assistant.They will be entitled to receive stipend of eligible leave period.

A trainee shall be treated on duty for a period of 20 days for undergoing 100 Hours Information Technology Training and for appearing in 3 hours online examination for the said programme. The Principal should also encourage trainees during the practical training to attend conferences, seminars,etc., relevant to the chartered accountancy course. Regulation 59(7) specifies that the attendance by a trainee, with the consent of the principal, at a conference, course or seminars organised by the Institute, including a Regional Council or a Students’ Association or a Branch of a Regional Council for the benefit of students, is treated as a part of the training period actually served.

The details of the Seminars/Conferences attended by the student should be submitted to the Institute alongwith the Diary /Summary Report of Diary on completion of the Training period. A trainee who takes leave in excess of the leave to which he / she is entitled is required to serve for a further period equivalent to the excess leave taken by him / her.