How much does a trainee chartered accountant earn on first year training in an audit firm?

Answer 1

The Institute have prescribed a minimum stipend of Rs. 1,000 p.m. for the First Year of Articleship. The actual stipend depends upon the Firm where you are working. CA firms in small cities stick to the Institute's Minimum whereas you may even get a starting Rs. 4,000 - 7,000 p.m. in Metro Cities and in Big CA Firms. But remember, higher the stipend, higher would be the commitment required.