HOW TO BECOME A CHARTERED ACCOUNTANT IN INDIA?

HOW TO BECOME A CHARTERED ACCOUNTANT IN INDIA?

Chartered Accountancy is one of the most respectable profession in the field of Commerce. It is abbreviated as CA. This course is offered in India only by The Institute of Chartered Accountants of India (ICAI). It consists of 3 levels – CA Foundation (4 papers), CA Intermediate (8 papers) and CA Final (8 papers). ICAI provides 2 routes to become a CA – Foundation Route and Direct Entry Route. Foundation Route can be taken just after Class 12th while Direct Entry Route can be opted for only after a specific eligibility, which is explained below in detail. The main keys to excel in the CA Course are dedication, hard work and consistency. CAs are considered as the Partners in Nation Building by the Government of India.  

how to become ca in india

The steps to be followed to become a CA through the Foundation Route are: 

  • Register for the Foundation Course before 1st day of January or 1st day of July for the examination to be held in the month of May or November respectively (provisional registration can be made after passing Class 10th). 
  • Appear for the Foundation exam after appearing in Class 12th examination.
  • Qualify Class 12th and Foundation Course.
  • Register for CA intermediate.
  • Complete minimum 8 months study and appear and pass in either or both groups of CA Intermediate.
  • Complete the 4 Weeks ICITSS training any time after registering for CA Intermediate but before the commencement of the Practical Training. 
  • After passing either or both the groups of CA Intermediate, register for 3 Years’ Practical Training.  
  • Register for the CA Final Course after qualifying both the groups of CA Intermediate.
  • Complete 4 Weeks Advanced ICITSS training during the last two years of Practical Training but before appearing for the Final Examination.
  • Appear in the Final examination during last 6 months of Practical Training or later.
  • Complete Practical Training.
  • Qualify both groups of CA Final.
  • Finally, become a member of the Institute.

The steps to be followed to become a CA through the Direct Route are:

  • Through this route, one can directly enter into CA Intermediate course without entering the CA Foundation course.
  • For this route, a student must be a commerce graduate or post-graduate with minimum 55% marks or any other graduate or post-graduate with minimum 60% marks. He/she is also entitled to enter via Direct Entry route if he/she has passed CS Executive or CMA Intermediate. 

Eligible Graduates and Post Graduates – 

  • First step is to register for the CA Intermediate course (provisional registration can be made in the final year of graduation).
  • Complete the 4 Weeks ICITSS training before the commencement of the Practical Training.
  • Register for 3 Years’ Practical Training.
  • After 9 months of Practical Training, appear in the Intermediate examination and qualify it.
  • Register for the Final Course once both groups of CA Intermediate are cleared.
  •  Complete 4 Weeks Advanced ICITSS training during the last two years of Practical Training but before appearing for the Final Examination.
  • Appear in the Final examination during last 6 months of Practical Training or later.
  • Complete Practical Training.
  • Qualify both groups of CA Final.
  • Finally, become a member of the Institute.

Students who have passed CS Executive or CMA Intermediate – 

  • First step is to register for the CA Intermediate course.
  • Complete 8 months of study and appear and pass either or both groups of CA Intermediate.
  • Complete 4 Weeks ICITSS any time after registering for Intermediate Course but before commencement of the Practical Training.
  • After passing either or both the groups of CA Intermediate, register for 3 Years’ Practical Training.  
  • Register for the CA Final Course after qualifying both the groups of CA Intermediate.
  • Complete 4 Weeks Advanced ICITSS training during the last two years of Practical Training but before appearing for the Final Examination.
  • Appear in the Final examination during last 6 months of Practical Training or later.
  • Complete Practical Training.
  • Qualify both groups of CA Final.
  • Finally, become a member of the Institute.

The above steps will help you become a CA in India. After becoming a CA, you can either open your own private practice or you can get employed in a firm, corporate or a PSU. The average salary of a CA initially is Rs. 8 – 10 Lakhs. The maximum salary initially is Rs. 30 Lakhs. If the offer is received from an international organization, it can go to as high as Rs. 75 Lakhs. CAs are very talented and have experience of various sectors. They can thus start their own business startup too. In such a case, there is no limit on earning. However, every coin has two sides and so, there can be huge losses too. CA examination is considered as one of the toughest examinations in India but do remember –

“Of course it’s hard. It’s supposed to be hard. If it was easy, everyone would do it. Hard is what makes it great. And it’s for them who are the toughest, the determined ones.”

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Comment (1)

  • collegeofcommerce Reply

    I am such a great full to you for the information you have shared with us. specially in that form of step by step you told clears the thoughts. its gonna help for my CA coaching From the College Of Commerce Its a best collage In Chandigarh.

    August 26, 2022 at 5:31 pm

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