💰 Understanding Stipend Rules for CA Articleship
Every CA student undergoing Articleship is entitled to receive a monthly stipend. This stipend is not just a formality — it's a regulated payment set by the Institute of Chartered Accountants of India (ICAI) under Regulation 48.
Let’s break it down for you.
📌 Why Stipend Matters
Articleship is the practical training every CA student must undergo.
To ensure students are fairly compensated for their contribution, ICAI mandates minimum stipend rates that vary based on the location and year of training.
🏙️ Minimum Stipend as per Old Scheme (3-Year Articleship)
| City Classification | 1st Year | 2nd Year | 3rd Year |
|---|---|---|---|
| Cities/Towns with population ≥ 20 lakhs | ₹4,000 | ₹5,000 | ₹6,000 |
| Cities/Towns with population ≥ 5 lakhs but < 20 lakhs | ₹3,000 | ₹4,000 | ₹5,000 |
| Cities/Towns with population < 5 lakhs | ₹2,000 | ₹3,000 | ₹4,000 |
🔁 Minimum Stipend as per New Scheme (2-Year Articleship)
| City Classification | 1st Year | 2nd Year & Excess Leaves |
|---|---|---|
| Cities/Towns with population ≥ 20 lakhs | ₹5,000 | ₹6,000 |
| Cities/Towns with population ≥ 5 lakhs but < 20 lakhs | ₹4,000 | ₹5,000 |
| Cities/Towns with population < 5 lakhs | ₹3,000 | ₹4,000 |
💳 Mode of Stipend Payment
The stipend must be paid monthly by the Principal to the articled assistant:
- 💼 Option 1: By crossed account payee cheque with a signed receipt.
- 🏦 Option 2: Direct deposit to the student’s bank account.
This ensures transparency and record-keeping for both the student and the Principal.
📝 Final Thoughts
While these are minimum prescribed rates, many progressive firms offer higher stipends depending on the candidate’s performance, the firm's scale, and the area of work.
At CAnnect, we believe in empowering students with the right information and the right opportunities.
Stay tuned for more such helpful insights and updates.
If you’re a CA student looking for articleship — or a firm ready to take interns — CAnnect is here to help you connect the right way.
— Team CAnnect