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Excess leaves is 1/6th or 180Days

alifiya (CA CS FINAL) (320 Points)

22 March 2011

MY TOTAL LEAVES IS 483 DAYS WITHOUT SUBTRACTING 180DAYS

CAN U ALL HELP ME TO CALCULATE THE EXCESS LEAVES.

I CANNOT UNDERSTAND THAT 1/6TH OF THE PERIOD SSERVED IS TAKEN AS EXCESSLEAVES OR

1/6 TH-180DAYS IS TAKEN AS EXCESS LEAVES

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61 Replies

rahul86 (student) (25 Points)
Replied 22 March 2011

plz check replies to my query at https://www.caclubindia.com/forum/whether-eligible-for-any-leave--134654.asp

ANKUSH (CA FINAL ) (425 Points)
Replied 22 March 2011

Total number of working days (365*3.5 ) = 1278

Less : Leaves = 483

Total Period served = 795

Leaves Allowed ( 1/6 of 795 ) = 133

Excess Leaves ( 483 -133 ) = 350

This is correct method of calculating the excess leaves....... as per guidelines of ICAI..

its confirmed...

2 Like

Ankit Agarwal (Chartered Accountant) (197 Points)
Replied 22 March 2011

find the calculation of ur excess leave..

Attached File : 8 leave chart.xls downloaded: 449 times

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 22 March 2011

ANKUSH HAS RIGHTLY MENTIONED THE PROCEDURE ADOPTED BY ICAI OFFICIALS FOR CALCULATION OF LEAVES

alifiya (CA CS FINAL) (320 Points)
Replied 22 March 2011

Arey but those 468 days are including 180 days yaar...can ne one give me the idea of reducing the total excess leave to nine mnths or ninen half mnths

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 22 March 2011

u did not mention about 468 days anywhere ? now whts that ? see ankush has clearly clarified the calculation of leave the same will be done by icai as well the icai allows leave = 1/6th of (total period of articleship - total leaves taken ) this figure shud be deducted from total leaves already taken by you the figure which remains is the excess leave which has to be served by you by filling form 107

Krishna (Article Assistant) (294 Points)
Replied 22 March 2011

on a curious note! how you managed to get sooooo many days of leave! its practicaly 35% of your articleship!

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 22 March 2011

nice question krishna ...

1 Like

CA Nikhil Gupta (Chartered Accountant) (207 Points)
Replied 22 March 2011

whether ITT, Exam days and intervening holidays during exams are counted as leave while calculating TOTAL PERIOD SERVED???

CA-CWA RAVI (CA-CWA in industry) (5464 Points)
Replied 22 March 2011

Originally posted by : Nikhil Gupta
	whether ITT, Exam days and intervening holidays during exams are counted as leave while calculating TOTAL PERIOD SERVED???

NO As per the practical training guidlines issue by ICAI

1 Like

harpreet singh (Revenue Accountant at PSPCL) (593 Points)
Replied 22 March 2011

but i think as far as my info is concerned there should be 313 working days in a year excluding 52 sundays??

alifiya (CA CS FINAL) (320 Points)
Replied 23 March 2011

no ITT Leaves are not considered in period seerved..actually i took three attempts to clear so there are many leaves n i was not well for two years so i was going office occassionallyy.

Ashish Goyal (Audit Manager) (82 Points)
Replied 23 March 2011

Leave to An Articled / Audit Clerk (Regulation 59 & 74) (1) During the period of articled training an articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days. (2) An articled assistant who has served as an audit assistant before the commencement of his articles shall, in addition to the leave earned under this regulation, be entitled to leave equal to one-half of the leave earned and not availed of as an audit assistant, subject to a maximum of three months. Following conditions may be noted: 1. Reasonable notice is required to be given by the articled / audit assistant to the Principal. 2. For the purposes of preparing for an examination of the Institute, the articled assistant shall be granted by the principal leave for three months or to the extent due, whichever is less, provided an application for the leave has been made at least fifteen days in advance. 3. Leave not earned may also be granted by the principal subject to the condition that the total leave to be taken by the articled assistant shall not exceed one-seventh of the total period of his actual service, together with the leave due under sub-regulation (2). 4. The Institute's examination days, (including intervening holidays), or days for attending a course at an Academy of Accounting conducted by the Institute shall not be treated as leave. 5. The period of attendance, with the consent of the Principal, at a conference, including Course on Information Technology Training, and Course on General Management and Communication Skills or seminar organised by the Institute including a regional council or a students’ association or a branch of a regional council for the benefit of assistants, shall be treated as period actually served under articles. An articled assistant who has secured admission in a course at an academy of accounting conducted by the Institute shall be relieved by the principal, without termination of articles, for attending the academy, provided he has given notice of not less than two months of his intention to join the academy. Supplementary Articles (Regulation 46, 57 & 58) Leave taken in excess of the period of leave to which he is entitled under Regulation 59 shall be treated as excess leave. The articled clerk is required to undergo articles for further training equivalent to the period of excess leave taken by him during the period of three years of training. Period of excess leave can be served with the same Principal by executing deed in Form No. 107. However the excess leave can also be served under a new Principal as per Regulation 46. Conditions: 1. In case articled training is served with the same Principal and in continuation of previous training without any break: a. Submit Form 108 for the previous period of Practical Training alongwith training report as specified in the Training Guide. b. Execute a supplementary deed of articles for the period equivalent to the excess leave period in Form 107 on a 'Non-judicial Stamp Paper; or affix ' Special Adhesive Stamp' of appropriate value. c. The deed of supplementary articles must be submitted in original alongwith a copy so as to reach the Institute's Office within 60 days from the date of commencement of training. 2. In case articled training is served with a new Principal, execute a fresh deed of articles in Form 102 and submit Form 103 so as to reach the Institute's office within 30 days from the date of commencement of fresh articles. 3. For condonation of delay in submission of Form 107, Please see Chapter 25 on condonation.