Whether eligible for any leave ?

Hi friends,

am new to CACLUBINDIA and completed 2.4 years of articleship. Basically am coming from rural background and came to chennai to get good work experience but i got selected in small firm only. My principal sent me to stock audit of Retail Network Dealers in Chennai for first 5 months, after that am doing the internal audit of the same company. I felt fed up from first month itself and thought to take termination but our Institute's Rule didnt allow me to take the same. i wrote my first final exam in last Nov., but didnt clear. My principal is behaving good to me except leave matter (even for 1 day leave). Now i want to go for 2nd attempt, they didnt allow me even 1 month for preperation. I dont have any urgent work pending in my office. I am working saturdays and festivel holidays also.

So friends,  i jst want to knw whether i am eligible for any more leave or not. Based on ma calculation, i hav to work 64 days more to complete ma articleship. (Plz Consider my working hours). Please check my calculation below and reply....

 

Current date 14/03/2011  
Date of Joining 10/10/2008  
Date of Completion 09/10/2011  
     
Particlars Days Hours
(35 hrs per week)
Duration of Articleship 1094 5470
Eligible Leave (1/6th of actual work = 1/7th of Total Period) (156)  
     
Eligible Leave for GMCS (15)  
Net Duration of Articleship 923 4615
     
Period completed till 14/03/2011 885  
No. of leave taken (including sick leave & exam leave) (180)  
     
Actually worked ( Based on 42 hrs per week) 705 4230
     
Pending Period in hours (4615-4230)   385
Pending Period in days (385/42*7) 64  

Thank you,

Rahul.

Replies (4)

Since the number of days leave taken is 180 days which is the actual days allowed by Insti, dont think u will be allowed much.. it more of informal agreement between u and ur boss.. tel him tat u will come after exam and work for remainin days..

I don't think you can use the hourly calculation. The excess worked in any week, if any, can be set-off, if your principal allows.

The calculation is a bit different as explained in the training guide, you earn leave by the following calculation:

A. Total No. of days served (total period) = 2.4yr. x 365 days = 876 days

B . Leave taken (gmcs is not counted as leave, it is considered part of working days) = let B

C. Total no. of working days = A x B

D. Leave earned = 1/6 or 1/7 of C (max. 180 or 155 in aggregate in total period)

1/6 (3.5 yr) (max. 180) or 1/7 (3 yr) (max. 155) or 1/6 (max. 180) for both (the current regulation link at icai.org states 1/6), pretty confusing so confirm at e-sahayata.

Just noticed a little mistake above.

C = A - B

instead of C = A x B

Listen yar,

           Only days will be calculated in your training, not hours. if u calculate hour then ur training shall be complted only in 1 and half year.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details