stipend doubled for articled assistants (articleship)
In a major announcement, the ICAI president CA K Raghu has doubled the stipend for Articled Assistants. Students have been the top priority of ICAI. In a latest move the institute has decided with immediate effect 23.01.2015 to double the stipend rates for each of the year payable to the articled assistants pursuing chartered accountancy course.
The notification revising regulation 48 of CA Regulrations 1988 with regard to stipend double for articled assistants is available on the ICAI website. Summary is as below –
i. Cities with population above 20 lakhs
first year – Rs 2000
second year – Rs 2500
third year – Rs 3000
ii. Cities with population below 20 lakhs but above 4 lakhs
first year – Rs 1500
second year – Rs 2000
third year – Rs 2500
iii. Cities with population below 4 lakhs
first year – Rs 1000
second year – Rs 1500
third year – Rs 2000
The new of the doubling of stipend has been warmly welcomed by students preparing for CA course.
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