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about stipend and leave for exams.

Nirav (Accountant) (595 Points)

08 December 2010

hello friends,

Please tell me what is the amount of stipend for the first year, second year and third year as per the Institute's rule? And how much leave is available before Final exam as per Institute's rule?

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3 Replies

Nirav (Accountant) (595 Points)
Replied 08 December 2010

And also suggest me some good firms (Medium) in Ahmedabad. I dont want to do my Articleship from High class firms.

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KETAN SHASHIKANT CHIKHALE (ARTICLED ASSISTANT) (33 Points)
Replied 10 December 2010

As per ICAI the stipend for 1st, 2nd & 3rd year is hardly above Rs. 3000/- But now the Institute has decided to revise the stipend. And as regards the leave, it depends upon the the earlier leave taken by u & the maximum of which must not exceed 180 days of your total training... But U can compensate ur leave if u desire by serving an additional period by mutual consent of ur principal.....

Karan Teli (Life Is just an Illusion...!!) (4573 Points)
Replied 20 January 2011

Hello,

Stipend rates for various years are as follows:_

- For Ist Year - 1000/-,

- For II nd Year - 1250/-,

- For the balance period its 1500/-.

This rates are as per CA Act and now the institute has proposed to regularise the rate of 4500/- irrespective of the period..

and about the leave THE ACT CLEARLY SAYS 2 MONTHS IN THE WHOLE ARTICLESHIP PERIOD (not distingushing whether it is for PCC/IPCC/FINAL) - absurd one...:-(

for furthur detials you can go through the CA ACT..

all the best....