Estimated Cost Of Chartered Accountant Course In India

Thousands of students in the commerce stream who are passionate about accounting and finance apply to the Chartered Accountancy (CA) program every year. It’s crucial to remember that the CA course has a reputation for having a demanding curriculum that puts a lot of material on students’ plates in a short amount of time.

Though it’s noted that the CA course costs are comparatively less than those of other professional studies in the same sector, it’s crucial to understand the whole cost of the CA program.

In this blog post, we will explore the estimated cost of the chartered accountant course in India.

Overview of Chartered Accountancy Course

The Chartered Accountancy course is conducted by the Institute of Chartered Accountants of India (ICAI). It consists of three levels:

1. Foundation Course
2. Intermediate Course
3. Final Course

The total duration for completing these three levels is around 4.5 to 5 years and the total estimated course fee is INR 1.9lakhs. The course covers various subjects like Accounting, Law, Taxation, Finance, Auditing, and Information Technology.

If you are looking for institutes that are not just budget friendly but provide best quality CA course education then look for “chartered accountant institute in Kolkata”.

Cost Components in Pursuing Chartered Accountancy

To become a Chartered Accountant, one needs to consider the following cost components:

1. Registration Fees: The first step is to register with ICAI and pay the registration fees. For the Foundation course, the registration fees are around ₹9,000.
2. Coaching Fees: To receive quality coaching, many students enroll in coaching institutes. The coaching fees may vary across different institutes, but on average, it can range from ₹50,000 to ₹2,00,000 for each level of the course.
3. Examination Fees: Every level has multiple papers, and students need to pay examination fees for each paper they appear. The examination fees for the Foundation course are around ₹1,500 per paper, and for the Intermediate and Final courses, it can range from ₹2,000 to ₹3,500 per paper.
4. Books and Study Materials: Chartered Accountancy requires extensive study materials and textbooks. The cost of books and reference materials can add up to ₹10,000 or more for each level.
5. Infrastructure and Technology: In addition to the above costs, students should also consider expenses related to laptops, internet, online study materials, and other technological requirements.

Scholarships and Financial Assistance

Recognizing the cost burden, many organizations and government bodies offer scholarships and financial assistance to deserving students. The ICAI itself provides scholarships to meritorious students. Additionally, various state governments, NGOs, and professional bodies also offer financial aid. Students should research and apply for these scholarships to alleviate their financial burden.

If you are looking for the best chartered accountant course in Kolkata then choose George Telegraph Institute Of Accounts. GTIA is well known for its CA course. Every year thousands of students enrol in GTIA’s CA course and most of them cracked their exam in their first attempt.

Conclusion

Becoming a Chartered Accountant is a financially demanding journey. It requires not only intellectual prowess but also a significant financial investment. Understanding the estimated cost of the chartered accountant course in India is crucial for aspiring students and their families. By considering factors like registration fees, coaching fees, examination fees, study materials, and additional expenses, one can make an informed decision and plan their finances accordingly.