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Minimun stipend

nayan (article assistant) (466 Points)

24 December 2012

what do you think should be the minimum stipend for the articles???

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satish kumar voleti (A.C.A., (ICWAI)) (1686 Points)
Replied 24 December 2012

Stipend to articled assistants

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Stipend to articled assistants applicable on or after June 1, 2006

A person registered as an Articled 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 during

		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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SOURCES: ICAI WEB SITE...https://www.icai.org/post.html?post_id=139

even the office boy salary would be 5 times this stipend.......

Gitika bajaj (a) (260 Points)
Replied 24 December 2012

Mr Nayan, Pehle tum batao ??

Ashwin (CA Final) (242 Points)
Replied 24 December 2012

even the office boy salary will be 5 times higher.............well said...:)

even the office boy salary would be 5 times this stipend.......

Read more at: /forum/minimun-stipend-232515.asp#.UNh5ZaxESho

Vikram M. (Unemployed) (504 Points)
Replied 25 December 2012

As long as it covers your expenses of travelling to and from office, you should be ok with it. Geting paid a proper salary creates an obligation to devote time. So it's just better this way.