The CA fee structure can help you plan your career. You can become a CA after completing your 12th grade by registering for a CA foundation course. The starting income of a chartered accountant in India depends on a variety of elements, including the candidate's background, job requirements, abilities, employer, and region.
The most chosen profession of Indian students after completing 12th standard through commerce stream is Chartered Accountant. In today’s market, the demand for Chartered Accountants is significantly increasing, which also means that in this profession, you will receive a generous salary. Our focus would also be on Chartered Accountant Fees. Let us read more about more details.
As said earlier, one of the most sought-after career paths in India has been chartered accounting for a very long time. This profession is not too easy to pursue (it is rather difficult). However, if and once you get into it, it guarantees a fantastic career path, a respectable income, and honour from everyone else.
Students must take national exams to become Chartered Accountants. Students frequently express concern about the overall fees and expenses for CA courses over nearly five years.
In this article, you are going to learn the fee structure for Chartered Accountants in India, along with how much money you can charge after you become a Chartered Accountant.
Who is a Chartered Accountant?
A Chartered Accountant is an expert accounting practitioner. They establish that they are qualified to handle and manage business tax and accounting procedures after acquiring certification from a statutory organization.
Chartered accountants are employed across the board in the business and financial sectors, including auditing, taxation, financial management, and general management. In India, some CAsare involved in public practice, while others serve in the corporate sector or are employed by government entities.
How can you enter the CA profession?
After completing your school education (12th grade), you can enter the field by taking the CA Foundation Course. Alternately, graduates can complete three years of articled assistant training in a chartered company before taking the final exam or after completing Intermediate in cost accounting or company secretary.
Before becoming an articled student, candidates must complete a comprehensive 100-hour information technology training course as well as an orientation programme for developing soft skills. Unfortunately, online CA qualification is only valid inside the borders of India and is not recognised in nations with other accounting standards.
What is the fee structure for Chartered Accounting in India?
CA exams are classified into three levels: CA Foundation, CA Intermediate, and CA Finals. In addition, there must be three years of practical training in this field as the course emphasises on-the-job training. Therefore, along with the registration period, the duration of a CA course in India is about 4.5 to 5 years at least.
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Fees structure for CA Foundation
The first level that must be passed before enrolling in the CA course is CA Foundation.
Registration Fees for CA Foundation
For Indian students, yearly CA Foundation fees are ₹ 10, 900, which includes the following:
(i) Course Registration for CA is ₹ 9000.
(ii) Examination fees are ₹ 1,500.
(iii) Fees for Online form ₹ 200.
(iv) Optional Journal membership fees ₹ 200
Application fees for CA Foundation
(i) For choosing a centre in India– ₹ 1500
(ii) For choosing a centre in Kathmandu – ₹ 2200
(iii) For choosing a centre in Dubai, Abu Dhabi, Muscat or Doha – $ 325
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Fees structure for CA Intermediate
Registration Fees for CA Intermediate
For Indian students–
The CA intermediate course registration fees are ₹ 11,000 for a single group and ₹ 15,000 for both groups. Direct Entry Route students are required to enrol for both groups, and the registration fee is ₹ 15,000 for both groups.
For overseas students–
The CA inter registration fees (as of 2024) are $ 600 (US) for a single group and $ 1000 (US) for both groups for international or overseas students enrolled in the Intermediate level.
The CA intermediate course registration is valid for 4 years, and if it expires, it can be validated again by paying ₹ 400. There is a late fee chargeable for the centres in India and Kathmandu of ₹ 600. Similarly, a late fee of $ 10 is chargeable for international centres.
Application or Exam Fees for CA Intermediate
Depending on their level of preparation, students using the foundation route can choose to register for either single or both group exams.
(i) The application fee for CA intermediate is ₹ 1500 for a single group and ₹ 2700 for both groups.
(ii) The fees of the Intermediate application for international or overseas students for a single group are $325 and $500 for both groups.
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Fees structure for CA Final
Finally, the last phase of the CA program is the CA final. The registration for CA Final can be done at any time after completing the Intermediate level and three years of training.
The registration is valid for up to 5 years and can also be re-validated after 5 years.
Registration Fees for CA Final
(i) For Indian students, the registration fees for CA Final for both groups are ₹ 22,000.
(ii) For international students, the final registration price is $1,000 USD.
Application or Exam Fees for CA Final
(i) The application fee for the CA final is ₹ 3500 for a single group and ₹ 1800 for both groups.
(ii) The fees of the Intermediate application for international or overseas students for both groups is $ 550 USD.
Practical training fees for CA Final
This practical training fee is paid at the time of registration as the training begins along with registration. The practical training fee for the CA final is ₹ 2000 in addition to ₹ 500 as registration for the assessment test.
How much can you earn after becoming a Chartered Accountant?
As you might already know, how much you earn will depend on different factors. Consequently, your salary or earnings as a Chartered accountant will depend on your skills, qualifications, industry, type of job (i.e., whether you work in a private company, business organisation or are self-employed), experience, your marks in CA Final etc.
However, to give you an idea, in India, the annual average income of an average CA is between ₹ 6-7 lakhs. But it can surely rise to ₹ 40 to 50 lakhs per year depending on the factors mentioned above. Moreover, Chartered Accountants are capable of earning upto ₹ 75 lakhs if they get an international client.
Conclusion on Chartered Accountant Fees
The Chartered Accountant Fees structure provides you with great detail about how to plan out your career path. Becoming a CA requires dedication for at least 4 years as well as a lot of practice. Even though it’s one of the hardest courses in our country, you can still do it with dedication and perseverance.
We hope that this provided you the needed information about the Chartered Accountant Fees structure in India and we wish you all the best in your career! If you want to get more information about Chartered accountant fees structure in India? If yes, then contact Vakilsearch.
FAQs
What is the average fees for the CA course in India?
The average fees for the CA course in India can vary depending on the coaching institute or tuition provider. However, on average, the total fees for the entire CA course (covering all three levels: Foundation, Intermediate, and Final) can range from ₹1 lakh to ₹3 lakhs.
How can I pay the CA exam fees, and what are the accepted payment methods?
CA exam fees can be paid online through the Institute of Chartered Accountants of India (ICAI) website using credit/debit cards, net banking, or through bank challans at designated bank branches.
Is it possible to get a refund for CA course fees if I decide not to continue?
Refunds for CA course fees are generally not provided by coaching institutes or tuition providers. However, candidates can check the refund policies of individual institutes before enrolling.
Can one study for CA at home, or is attending a coaching institute necessary?
While attending coaching institutes can be beneficial, it is possible to study for CA at home through self-study with the help of study materials provided by ICAI and other resources available online.
Is CA an expensive course to pursue, and are there any additional hidden costs?
Pursuing CA can be considered expensive due to the registration fees, tuition fees, exam fees, and other related expenses such as study materials, mock tests, and coaching fees. Additionally, there may be hidden costs such as travel expenses for attending coaching classes or exam centres.
How much can a CA earn?
The earnings of a Chartered Accountant (CA) can vary based on factors such as experience, area of specialization, location, and employer. However, CAs are generally well-compensated, with starting salaries ranging from ₹6 lakhs to ₹10 lakhs per annum, and experienced professionals earning significantly higher.
Is it possible to study CA for free?
While studying for CA may not be entirely free, there are certain initiatives and scholarships provided by ICAI and other organizations that offer financial assistance to deserving candidates. Additionally, there are free resources available online for self-study, but candidates may still incur costs for exam fees and study materials.
