Please refer the links below from point number 1 to 4.
Why Practical training?
The unique requirement of practical training is instrumental in shaping a well-rounded professional to ensure that students have an opportunity to acquire on-the-job work experience of a professional nature. Such a practical training:
- Inculcates a disciplined attitude for hard work;
- Develops necessary skills in applying theoretical knowledge to practical situations;
- Provides exposure to overall socio-economic environment in which organisations operate; and
- Develops ethical values.
stipend during the practical training
Student while undergoing Articled Training is eligible for stipend. The rate of stipend so payable to students is given below:
|Classification of the normal place of service of the articled assistant||During the first year of training||During the second year of training||During the remaining period of training|
|(i) Cities/towns having a population of twentylakhs and above.||Rs.1000/-||Rs.1250/-||Rs.1500/-|
|(ii) Cities/towns having a population of fourlakhs and above but less than twenty lakhs.||Rs.750/-||Rs.1000/-||Rs.1250/-|
|(iii) Cities/towns having a population of lessthan four lakhs.||Rs.500/-||Rs.750/-||Rs.1000/-|
What is the entitlement of leave of an articled assistant?
An articled assistant shall earn leave at the rate of one-sixth of the period for which he has actually served excluding from such period, the period for which he has been on leave subject to a maximum of 180 days.
How to calculate Leave:
Whether intervening break between two examinations are treated as leave or on duty
The intervening break between two examinations days, though not actually holiday, is treated as period actually served under articles. Further, it is clarified that if an articled assistant appears for one group, all intervening break for any reason, from the day of commencement of CA examination till the day of last examination of the concerned group and similarly, if an articled assistant appears for both groups then all intervening break for any reason from the day of commencement of CA examination and completion of both groups of the examination is treated as part of the training and the articled assistant is deemed to be on duty.