ICAI has issued draft of the CA 2nd Amendment Regulations 2022, whereby it is proposed to revise/ modify the CA Regulation 48(1) to ‘double the stipend rates’ during Articleship for CA Students.
It may be noted that so far ICAI has issued only a draft Notification proposing to double the stipend rates for CA Articles, however, the Final Notification and applicability date thereof are still pending.
After final Notification of these proposed amendments in CA Regulation 48(1), the revised stipend rates for CA Articles shall be fixed as under:
Proposed Revised Minimum Stipend Rates (based on Classification of Cities/ Towns) under CA Regulation 48(1)
|Classification of the Normal Place of Service of the Article Assistants||During First Year of Training (Rs.)||During Second Year of Training (Rs.)||During Third Year of Training (Rs.)|
|A. Cities/ Towns having Population 20 Lac and above||4,000||5,000||6,000|
|B. Cities/ Towns having Population 5 Lac and above but below 20 lac||3,000||4,000||5,000|
|C. Cities/ Towns having Population below 5 lac||2,000||3,000||4,000|
ICAI Notification dt. 02/06/2022: The Chartered Accountants (CA) 2nd Amendment Regulations 2022 (Draft)
ICAI’s Revised ‘Stipend Rates’ for Articled Assistants/ CA Articleship (CA Regulation 48) (applicable w.e.f. January 2015)