ICAI Doubles Articleship Stipend Rates for CA Students, draft Notification

ICAI has issued draft 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:

ICAI Doubles Articleship Stipend Rates for CA Students, draft Notification

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 AssistantsDuring 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 above4,0005,0006,000
B. Cities/ Towns having Population 5 Lac and above but below 20 lac3,0004,0005,000
C. Cities/ Towns having Population below 5 lac2,0003,0004,000

ICAI Notification dt. 02/06/2022: The Chartered Accountants (CA) 2nd Amendment Regulations 2022 (Draft)

Related Posts:

ICAI’s Revised ‘Stipend Rates’ for Articled Assistants/ CA  Articleship (CA Regulation 48) (applicable w.e.f. January 2015)

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