A Guide for Chartered Accountant Fees Structure in India

Mar 13, 2023

1,116 5 mins

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.

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 in order to become Chartered Accountants. Students frequently express concern about the overall fees and expenses for CA courses over the period of 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 (frequently known as CA in short) 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 organisation.

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 successfully complete a comprehensive 100-hour information technology training course as well as an orientation programme for developing soft skills. Unfortunately, the 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.

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

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 2021) 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.

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 up 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

The fee 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 CA 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.

Also, Read;