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. But, this time Direct Tax, GST, Demonetization, and sector getting organized, created humongous opportunities for Accountant.

With the response to the current scenario, C.A profession became 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.

Snapshot of 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

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.

Here is a solution of your question-how to become a CA in India?  these are the step to become a CA in India.

CA Procedure/Steps To become CA in India

To become CA in India you have complete these four steps and the first step is FOUNDATION

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.

This process includes filling up of basic details online on the website and attaining a registration number, user id, and password.course. 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 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 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 old IPCC course.

There should be a gap of 9 months 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 mandatory training during this time. There is no last date for registering the 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 minimum 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.

Hope you find this article useful. and help you to solve your queries like how to become 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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