Stipend in Mumbai

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Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2010 Sir,
I have completed PE-II and want to do articleship from mumbai. Sir I want to know, the minimum stipend I can get there?
I heard that the Big4 firms give stipend in package, is this true? Please tell the minimum package they provide.

Ajay Mishra

Ajay Mishra (Expert)
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08 November 2010 Hi

Stipend payable would be as under:
Sr.No. Classification of the normal place of the service of the articled assistant During the first year of training During the second year of training During the remaining
period of training
(i) Cities/towns having a population of twenty lakhs and above Rs. 1000 Rs. 1250 Rs. 1500
(ii) Cities/towns having a population of above four lakhs but less than twenty lakhs Rs. 750 Rs. 1000 Rs. 1250
(iii) Cities/towns having a population of less than four lakhs Rs. 500 Rs. 750 Rs. 1000
For detailed guidelines, please refer the Notification dated 17th August, 2007.

Ajay Mishra

Ajay Mishra (Expert)
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08 November 2010 Hi

Please also read Regulation 48 of CA Regulation, 1988 subject to notifications issued by institute.

For detailed guidelines, please refer the Notification dated 17th August, 2007.

REgards

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