Stiphend rates

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Ritu Alwani (Querist)
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01 October 2012 hiiii...this is ritu
i have joined articleship some days ago...i wanted to know about the updated stiphend rates????

Ajay Mishra

Ajay Mishra (Expert)
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01 October 2012 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)

1. Cities/Towns having population of 20 lakhs and above Rs. 1000 (1st yr) Rs. 1250 (2nd Yr) Rs. 1500 (3rd Yr)
2. Cities/Towns having population of 4 lakhs and above but less than 20 lakhs Rs. 750 (1st yr) Rs. 1000 (2nd Yr) Rs. 1250 (3rd yr)
3. Cities/Towns having population of less than 4 lakhs Rs. 500 (1st yr) Rs. 750 (2nd yr) Rs. 1000 (3rd yr)

Ritu Alwani

Ritu Alwani (Querist)
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01 October 2012 Are there any new Updates regarding the same....

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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01 October 2012 These are the minimum stipend rates. CA firms may choose to pay a higher stipend. In fact many CA firms do pay a higher stipend.

Further, the minimum stipend amount has not been revised.

Ajay Mishra

Ajay Mishra (Expert)
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01 October 2012 Hi

Minimum Stipend Schedule of Fees payable under the New Scheme of Education & Training w.e.f. September 13, 2006 is applicable as on date and after that no amendment has been made in such Schedule.

Ritu Alwani

Ritu Alwani (Querist)
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02 October 2012 thank u sir

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