stipend
This query is : Resolved
Ajay Mishra
(Expert)
06 December 2010
Hi
ARTICLESHIP TRAINING
A student has to undergo articled training for the period of three years along with theoretical education. The entire period of practical training can be served with a practising member or it can be served partly with a practising member and partly in an approved industrial establishment as an Industrial Trainee. The period of such industrial training may range between 9–12 months during the last year of the prescribed period of practical training. Only students of Final Chartered Accountancy Course are eligible for Industrial training. A person registered as an articled assistant is entitled to receive a minimum monthly stipend as per the rates specified under the Chartered Accountants Regulations, from time to time. The current minimum rates of monthly stipend payable, depending on the situation of the normal place of services of the articled assistants, are as follows:
Classification of the normal place of
service of the articled assistants Stipend payable per month to articled assistant
During the first year of training During the second year of training During the remaining period of training
1. Cities/Towns having population of 20 lakhs and above Rs. 1000 Rs. 1250 Rs. 1500
2. Cities/Towns having population of 4 lakhs and above but less than 20 lakhs Rs. 750 Rs. 1000 Rs. 1250
3. Cities/Towns having population of less than 4 lakhs Rs. 500 Rs. 750 Rs. 1000
ARTICLESHIP TRAINING
A student has to undergo articled training for the period of three years along with theoretical education. The entire period of practical training can be served with a practising member or it can be served partly with a practising member and partly in an approved industrial establishment as an Industrial Trainee. The period of such industrial training may range between 9–12 months during the last year of the prescribed period of practical training. Only students of Final Chartered Accountancy Course are eligible for Industrial training. A person registered as an articled assistant is entitled to receive a minimum monthly stipend as per the rates specified under the Chartered Accountants Regulations, from time to time. The current minimum rates of monthly stipend payable, depending on the situation of the normal place of services of the articled assistants, are as follows:
Classification of the normal place of
service of the articled assistants Stipend payable per month to articled assistant
During the first year of training During the second year of training During the remaining period of training
1. Cities/Towns having population of 20 lakhs and above Rs. 1000 Rs. 1250 Rs. 1500
2. Cities/Towns having population of 4 lakhs and above but less than 20 lakhs Rs. 750 Rs. 1000 Rs. 1250
3. Cities/Towns having population of less than 4 lakhs Rs. 500 Rs. 750 Rs. 1000
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