How to Become a Chartered Accountant In India

How to become a chartered accountant in India or CA procedure

Do you have a question about how to become CA in India, then you have come to the right place. Here we will tell you process for becoming CA in India.

An accountant is a profession to manage financial liability of all the business. And in 2019, we anticipate financial sector getting a history boom again. This time implementing Direct Tax, GST, Demonetization, and many sectors getting organized, created humongous opportunities for Accountant.

With the response to the current scenario, C.A profession has become the apple of every teenager’s eye. This article will help us to understand the basic question of How To Become a Chartered Accountant in India, and accordingly plan your professional course.

Snapshot of  CA Course Detail According to ICAI

Foundation course Intermediate course Final exams
Last date Month of registration 30 September and 30 June 28 Feb and 31 August No last date
Examination held May and November May and November May and November
Validity of registration 3 year 4 year 5 year
Subjects 4 8 8
Fees 11300 Rs27200/23200rs Rs 32300
Eligibility Should appear 12th exams Should clear foundation or graduation or pg Should clear intermediate level and 3-year practical training

Students who want to enter in this course should read our article CA time table to details about upcoming events

The snapshot will let you know the eligibility criteria, the validity of registration.the registration fees, examination month and subjects of all the levels of CA course.

Get more details about CA Course Fees

For proper understanding let’s follow the step by step procedure towards this program.

With effect from September 2017, ICAI has revised the format of CA course. They have introduced a Foundation course against CPT, Intermediate course against IPCC and new final course against the old final course.

Different stages of CA course with effect from September 2017, are

  1. CA Foundation Course
  2. CA Intermediate Course
  3. CA Articlehship
  4. CA Final Course

Here is a solution to your question-how to become a CA in India? Follow the basic steps to become a CA in India.

CA Procedure/Steps To become CA in India

To become CA in India you have to follow four basic steps and the first step is to clear the CA Foundation Course.

Step 1: Firstly You Need To Register Yourself for C.A. Foundation Course.

You need to clear your 12th std in any stream(arts, science.commerce) with min 33 % of marks.

Now register for the Foundation Course, where registration for Foundation process includes filling up of basic details online at ICAI website and attaining a registration number, user id, and password.

You have a study period for 4 months after your registration to appear for your exams.

Foundation exams are held twice a year in the month of May and November and for this exam, you register in the month of  December and June respectively.

You have to pay a total fee of Rs 11300 which include registration fees, examination fees, online form fee and journal for member and students.

This course is valid for 3 years and you can have 6 attempts under your registration once your registration expires you can reevaluate it again with nominal fees.

There are four subjects related to basic accounting and auditing principles of 100 marks each. You are eligible for intermediate level when you clear the foundation exams with 40 % mark in each subject or 50% aggregate.

Step 2 Register Yourself for The Intermediate Course

You can register in the CA intermediate course under two approach

1. How to become a Chartered Accountant after 12th?

Foundation route where you clear your foundation exams

2. How to Become a Chartered Accountant after Graduation?

Direct entry route where you clear your graduation and post graduation and directly enter to intermediate level, skipping the first level.

Registration for Intermediate is made in the month of  March and September and exams are held in the month of November and May.

The validity for registration is for 4 years and therefore 8 attempts can be exercised during this validation. May 2019 would be the last attempt for the old IPCC course.

There should be a gap of 9 months study period  Between your registration and examination.

Intermediate Course is broadly divided into two groups. Where group 1 included 4 subjects of 100 marks each and 2-second group also include 4 subjects of 100 each.

The total fees paid during the intermediate course is (15000+2000+1000+6500+2700)=27200  for both group and 23200 for a single group( registration fees are 11000 for a single group, rest all remains same )which include registration fees, student activities fees, registration for article assistant, ICITSS fees and examination fees respectively.

Know More about CA course fees.

Students of intermediate have to undergo ICITSS training for 4 weeks. the training can only be done after clearing one group of both groups .after the completion of training and clearing both the group.

Step 3 Enrolling for Articleship And Finals

After completion of an intermediate level, we step down to the final level. The final stage is both practical and theoretical know-how.

You undergo 3 years of mandatory training(Articleship) during this time.

There is no last date for registering the CA final course but you need to register before you appear for your final exams.

Final exams are held in May and November. And The validity of the registration is for 5 years.

The total fees paid in CA final is 32300 for both group (22000+3300+7000) which included registration fees, examination fees, and GMCS fees).

The final course is divided into two groups with 4 subjects in each group. all subject is for 100 marks and you need to acquire 40 % marks in all subjects or 50% marks in aggregate to clear the exams.

After clearing both the groups and undergoing 3 years practical training which includes 4 weeks of AICITSS You acquire membership of ICAI family.

‘You are now a CA.”

To be a CA is a commitment for a minimum of 4 years and involve a lot of hard work and practice. Though it is one of the toughest course in the world it’s possible to crack it down with persistence and devotion.

CA is a professional course pursued to become a Chartered Accountant who can take care of all the financial and tax matters related to any individual, small and midcap firm or industries, big industries and Big MNCs.

After hard work and complete dedication for 4.5 to 5 years, students become a CA to earn around 7 lakhs per annum as CA salary as a fresh start.

People also search for CA Course duration

Hope you find this article useful. and help you to solve your queries like how to become a Chartered Accountant in India, How many years it takes to become a CA India or the process of CA. we wish you good luck.

Keep yourself healthy and lucky.

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