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Minimum Stipend For IPCC Articles

Saurabh (cc) (51 Points)

30 October 2010

What is the minimum stipend paid to a IPCC pass article?

i m getting only 1000 per month but all my frnds say min is 4000 pm

is it true? pls help asap

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18 Replies

Ajay Mishra (Company Secretary) (74332 Points)
Replied 30 October 2010

Please read Regulation 48 of CA Regulation 1988.

Regards

Ajay Mishra (Company Secretary) (74332 Points)
Replied 30 October 2010

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

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

bharat (a) (153 Points)
Replied 30 October 2010

mr.ajay mishra u r right

swapnil (CA Final) (598 Points)
Replied 30 October 2010

ajay sir is correct,

thanks 4 sharing with us and best of luck,

swati (Unemployed) (300 Points)
Replied 11 November 2010

is it 1000 pm or pa??? because i have heard majority ca's are worst pay masters. Rs. 12000/- pa is a very good salary for a clerk isint it!!! I am a graduate with 10 yrs working experience and handling work of personal accounts and office assistant earning less than the stipend to a clerk. (my position is supposed to be very important one and i am supposed to be considered as a fav of boss hence drawing handsome salary)

swati (Unemployed) (300 Points)
Replied 11 November 2010

hey guys just joking !! how was it. ????

At the start of your career its the knowledege that is important and not the pay. If you have the requisite knowlege you are going to be paid very well in future. This is your learning stage concentrate on your power to gain more and more knowledge rather than pay. you know students pay handsome amounts to coaching classes to gain knowledge which you are getting free of cost infact you are paid for gaining knowledge by working under a practising ca. In fact you should pay your principal who is imparting his valuable knowldege to you.

SOUMYA RANJAN SAHOO (Article) (24 Points)
Replied 17 November 2010

Mr. Ajay iz right. However, u can negotiate with your principal.

srinivass (CA Final) (2466 Points)
Replied 16 December 2010

hey u r getting minimum stipend but it is very less but ehat is the good news is the articlestipend is going to raise......already proposal was raised by icai

Hardik Dave (IPCC and CS Professional(FINAL) Student) (15533 Points)
Replied 21 December 2010

Originally posted by : srinivass
	hey u r getting minimum stipend but it is very less but ehat is the good news is the articlestipend is going to raise......already proposal was raised by icai