What is the minimum stipend for CA article?
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What is the minimum stipend for CA article?
Notifications
| Classification of the normal place of service of the articled assistant | Stipend Payable per month | |
|---|---|---|
| Cities/Towns having population of 4 lakhs and above but less than 20 lakhs | Rs 1,500 | Rs 2,500 |
| Cities/Towns having a population of less than 4 lakhs | Rs 1,000 | Rs 2,000 |
Can stipend be paid in cash ICAI?
It can be in cash and cheque both.
Is CA stipend taxable?
In view of author, stipend is ‘capital receipt’ and is scholarship for education. Stipend of articled clerk of CA is not taxable as income. In view of author, stipend is ‘capital receipt’ and is scholarship for education.
What is the stipend in Big 4?
12,500, and Rs. 15,000 in 1st, 2nd and 3rd year respectively. Mid-size firms generally pay in the range of Rs. 5,000 to Rs, 10,000….Stipend in Big 4s.
| Firm | KPMG |
|---|---|
| First Year | Rs. 15,000 |
| Second Year | Rs. 20,000 |
| Third year | Rs. 25,000 |
Did ICAI increase the CA articleship stipend in 2015?
CA Articleship stipend revised rates or increased rates in tabular form applicable from 2015. ICAI increased/doubled the CA Articleship stipend rates than previous rates.
What is the minimum amount for a stipend?
There is no minimum amount for a stipend, and it can equal less than the minimum wage per hour worked. A stipend does not count as wages earned, so no Social Security or Medicare taxes get withheld.
What percentage of California students are eligible for free or reduced-price meals?
A comparison of the share of students who are low-income and the share enrolled in meal programs indicates high rates of enrollment: 56 percent of students were identified as eligible for free or reduced-price meals at the start of the 2012-13 school year in California, compared to 50 percent of students in other states.
What are the limits on summer stipends and fellowships?
The increase may be from the same funding source as the basic stipend (an “adjustment”) or from a different source (a “supplement”). The limit applies to support from any combination of fellowships or assistantships when part of the stipend is paid from funds held at Cornell. There is no restriction on summer stipends and fellowships.