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stipend during the practical training

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

. Whether student gets any stipend during the practical training?

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3 Answers
Open uri20170510 32134 1ue0f38?1494421710 answered

Hi friend, The ICAI, as it revises its sylabus from time to time. Similarly it also revises its stipend structure payable to article assistant who joins articleship training after being eligible. ICAI has revised the minimim stipend for each of the year payable to the articled assistants pursuing Chartered Accountancy course by notifying circular dated the 23rd January, 2015. A notification issued in this regard to revise the Regulation 48 of the Chartered Accountants Regulations, 1988, is available on the website of the ICAI giving prospective effect. The stipend rates so revised are as follows: If a student is doing articleship in a town with population more than 20 lakh a. First year - Rs 2000/- b. Second year - Rs 2500/- c. Third year - Rs 3000/- If a student is doing articleship in a town with population less than 20 lakh but more than 4 lakhs a. First year - Rs 1500/- b. Second year - Rs 2000/- c. Third year - Rs 2500/- If a student is doing articleship in a town with population less than 4 lakhs a. First year - Rs 1000/- b. Second year - Rs 1500/- c. Third year - Rs 2000/- Kindly note the above stipend is the minimum stipnend payable rate. Employers cannot pay stipend less than the above stated.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Hi, According to the ICAI rules and regulations every articled assistants are eligible to get stipend during their period of articles as prescribed by ICAI. Hope this helps you Thank You

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

yes a student is eligible to get a minimum stipend as per icai regulations it is the mimimum sitpend to be given by employler to articled assistants during the articleship periosd and fess is specified int the answer given by sameer you can refer to the above table

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