Leaves

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naga raju (Querist)
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18 January 2013 Dear sir
As per ICAI we are entitled to take 1/6th period of leaves during artilceship.

Is this 1/6th period is paid leave or not?

Thanks
Nagaraju G

@VaibhavJ

@VaibhavJ (Expert)
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18 January 2013 Hi

Yes this is paid leave.

Thanks!!

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Ajay Mishra

Ajay Mishra (Expert)
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19 January 2013 Hi

Yes, it is paid leave.

A trainee earns leave at the rate of one–sixth of the period actually served by him. Leave due is ordinarily granted, if reasonable notice has been given by the trainee to his MIT / Principal.

In order to prepare for the examinations of the Institute, a trainee is granted leave for a period of 2 months or to the extend of leave due, whichever is less. However, the trainee should make an application for such leave at least 15 days in advance. The days on which a trainee appears for the examination conducted by the Institute (including intervening holidays) are counted as a period on duty.

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naga raju

naga raju (Querist)
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19 January 2013 But they are saying that we are paying stiphend 3000 but as per institute it was 1500. so we deduct from stiphend is it correct.
So please let me know thanks

@VaibhavJ

@VaibhavJ (Expert)
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20 January 2013 hey

its not correct any wayz they are also paying minimum stipend required during your articleship tenure so they are also complied!!

Thanks!!

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Ajay Mishra

Ajay Mishra (Expert)
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20 January 2013 Hi

I will suggest you to quit the articleship with that type of professional.

It is not good for you to do with him.Try to do with other CA.

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