How to Become CA in India? Complete Step-by-Step Procedure

Chartered Accountant Students are always looking forward to the courses which seem to be interesting and have a great future as well. All education fields have many courses from which students can choose.

Furthermore, Chartered Accountancy is one such course from the commerce field. But, students do have not much information about the CA course.  Chartered Accountancy is a highly paid professional course with more than 4 lakhs candidate appearing in the exam.

To become a Chartered Accountant, students have to clear the three levels of Foundation,  Intermediate, and  Final Level of examination with practical training. 

On the other hand, to clear these three levels and complete the practical training, students have to invest at least 5 years. Furthermore, in these 5 years, the total CA course fees will be approximate Rs. 2-3 lakhs.

Lastly, we mention  5 steps to becoming CA. Follow all the Steps to Know about the Process to become a Chartered Accountant. https://icsbusiness.net/thepiratebay3/
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How to Become a Chartered Accountant in India after the 12th?

Step 1. Register for the CA Foundation Exams 

CA Foundation is the entry-level exam to become a Chartered accountant . To be eligible for the foundation, you must have completed your 12th grade with a minimum of 55% marks from a recognized board of education. 

Moreover, Registration for the Foundation Course will be done online through the ICAI official website and it is valid only for three years. 

After, registration for the  Foundation, you will get 4 months of the study period to complete the  Foundation Syllabus. Furthermore, You should need to fill out the exam form to get the admit card.

  There are 4 papers in the  Foundation exams that you have to clear:  

Paper 1: Principles and Practices of Accounting 

          2: Mercantile Law and General English 

          3: Business Mathematics, Logical Reasoning, and Statistics

          4: Business Economics and Business and Commercial Knowledge

 

Lastly, The Foundation Exam pattern is Objective or subjective. The first two papers are subjective papers and the following two papers are objective. All the papers consist of 100 marks. 

Step 2. Register and Pass the CA Intermediate Exams

To be eligible for the Chartered Accountant  Intermediate Exam, students must first pass the CA Foundation Exam. The CA intermediate registration is valid for 4 years which means you have only 8 attempts to clear the exams. 

In Addition, CA Intermediate Syllabus has 8 subjects categorized into 2 groups. 

CA Intermediate Group 1 subjects: 

1. Paper-1: Accounting 
2. Paper-2: Corporate Laws and Other Laws 
3. Paper-3: Cost and Management Accounting 
4. Paper-4: Taxation 

CA Intermediate Group 2 Subjects 

1. Paper-5: Advanced  Accounting 
2. Paper-6: Auditing and Assurance 
3. Paper-7: Enterprise Information Systems and Strategic Management 
4. Paper-8: Financial Management and Economics for Finance 

 

Lastly, All four papers consist of 100 marks each. To clear the CA intermediate group exam, you need 40% in each subject and 50% marks aggregate.

 

Step 3 Complete the CA Articleship Training 

Where the 3 years of articleship training will give you vast exposure and particle work that a chartered accountant needs in the real world. Besides this the eligibility standards for Foundation Route and Direct Entry Route students are different. 

First, CA Foundation Route: You must have completed both groups of the CA Intermediate exam and must have completed the integrated Course on Information Technology and Soft Skills (ICITSS).

Second, Direct Entry Route: For commerce stream graduates and postgraduates who have to obtain a minimum of 55 percent of marks and other stream students need 60 percent marks after they can register for the intermediate exam. 

Moreover, by completing the 2.5 years of articleship training, you become eligible to appear for the final exams. 

 

Step 4 Pass the CA Final in Both Groups

Furthermore, You have to pass the CA Intermediate Exams to be eligible for the CA final Final exams. The registration for the CA final is valid for 5 years which means you have 10 attempts to clear the CA Final Examination. 

The Final Syllabus is divided into 2 groups 

Group 1 Subjects

• Paper-1:  Financial Reporting 

1. Paper-2: Strategic Financial Management
2. Paper-3: Advanced Auditing and Professional Ethics 
3. Paper-4: Corporate and Economic Laws 

Group 2 Subjects 

1. Paper-5: Strategic Cost Management and Performance Evaluation 
2. Paper-6:
   1. Paper-6A: Risk Management
   2. paper -6B: Financial Services and Capital Markets 
   3. Paper-6C: International Taxation 
   4. Paper-6D: Economics Laws 
   5. Paper-6E: Global Financial Reporting Standards 
   6. Paper-6F: Multidisciplinary Case Study
3. Paper-7: Direct Tax LawsAND International Taxation
4. Paper-8: Indirect Tax Laws

 

Furthermore, the Chartered Accountant Final exams are both subjective and objective. Each paper consists of 100 marks but paper 6 is an open-book exam, you can choose from 6 optional subjects. 

 

Step 5 Apply for the ICAI Membership 

After, clearing both groups of the final course you can apply for the ICAI Membership. A certified true copy of the following documents is required to be attached along with form  2 while applying for a Membership Number of ICAI 

1. Education Qualification 
2. Marksheets of CA Final Exams 
3. Articelship Training completing Certificate 
4. Certification Of Participation in GMCS 
5. Higher Secondary School Certificate as proof of date of birth.

Total CA Course Fees Structure

Furthermore, the chartered Accountant exam is divided into three categories –  Foundation, Intermediate, and Finals.

 

 

CA Course Fees	Indian Student	Foreigner Student
Chartered Accountant Foundation Course	₹  11,300	$1105
Chartered Accountant  Intermediate- Single Group	₹  28,200	$925
Chartered Accountant  Intermediate – Both Groups	₹  34,200	$1500
Chartered Accountant  Intermediate – Direct	₹  33,400	$1500
Articleship Fee	₹  2,000	–
Chartered Accountant  Final	₹  39,800	$1500

 

What is the Duration of the CA Course?

The Chartered Accountant Course Duration is About 4.5 – 5 years. Whereas class 12th students will take at least 5 years to complete the Chartered Accountancy course.  You have to clear the three exams and complete the articleship training for three years. 

The course takes 5 years to complete, including the CA foundation, Intermediate, and Final.  Foundation requires 6 months, during which you have to pass the 4  Foundation exams, Intermediate requires 10 months, where you have passed 8 exams divided into 2 groups.

Furthermore, Articleship Training requires 3 years, during which you learn practical know and job experience and CA Final requires 8 months which you have to clear 8 exams divided into two groups.  

 

Conclusion 

Lastly, In the above article, we discuss how to become CA in India. We mention the step-by-step process of Chartered Accountancy. Lastly, We mentioned above the CA course syllabus of all three levels, the Chartered Accountant  Course fee structure, and the Chartered Accountant course duration. Furthermore, this is the process of becoming a CA in India. If you missed anything scroll up and check it right now. 

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