About the Average Stipends for CA Articleship in India

The stipend for Chartered Accountancy (CA) articleship in India can vary significantly based on several factors including location, the size of the firm, and the experience level of the articled assistant. This article provides an in-depth look at the typical stipend ranges and recent updates from the Institute of Chartered Accountants of India (ICAI).

Stipends Across Different Locations and Firm Sizes

Generally, in metros like Chennai and Mumbai, the stipend for CA article ship under ICAI rules is between Rs 10,000 to Rs 12,000 per month.

However, as of August 2023, the average stipend for CA articleship has increased:

Big Four Firms: Stipends can range from Rs 20,000 to Rs 30,000 per month, or even more in some cases.

Mid-Sized Firms: Typically offer stipends in the range of Rs 15,000 to Rs 25,000 per month.

Small Firms: May offer stipends starting from Rs 10,000, which can increase with experience.

Note: Stipends may also include performance bonuses and other benefits. For the most accurate and up-to-date information, checking with current CA students or firms in your area would be beneficial.

Stipend Breakdown by Firm Size and Location

For medium-sized firms based in metros like Delhi, Mumbai, Kolkata, and Chennai, the stipend rates are:

For Big 4 firms, the stipend rates are:

It is important to note that these figures are based on average estimates, and actual stipends may vary depending on the specific city and the size of the firm.

New Amendments from ICAI

The ICAI has recently revised the minimum stipends for CA articleship. The new stipends are as follows:

Cities/Towns with a Population of 20 Lakh or Above

1st Year: Rs 4,000 per month
2nd Year: Rs 5,000 per month
3rd Year: Rs 6,000 per month

Cities/Towns with a Population of 5 Lakh to 20 Lakh

1st Year: Rs 3,000 per month
2nd Year: Rs 4,000 per month
3rd Year: Rs 5,000 per month

Cities/Towns with a Population of Less Than 5 Lakh

1st Year: Rs 2,000 per month
2nd Year: Rs 3,000 per month
3rd Year: Rs 4,000 per month

These new amendments are part of an implemented scheme to improve the education of CA candidates. The official launch of the new scheme of CA education will be on July 1, 2023, on CA day.

Conclusion

Stipends for CA articleship can vary widely, but the new ICAI amendments provide a more structured framework for stipends based on location and population size. For the most accurate and up-to-date information, it is advisable to reach out to current CA students or firms in your area.