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ICAI New Scheme 2024 Introduction To ICAI New Scheme The Institute of Chartered Accountants of India (ICAI) has introduced the ICAI New Scheme 2024, effective from 1st July 2023, as notified in the Gazette of India on 22nd June 2023. This scheme significantly revamps the Chartered Accountancy (CA) course, impacting all three levels: CA Foundation, CA Intermediate, and CA Final—bringing changes to the syllabus, registration validity, and passing criteria. The curriculum has been streamlined with fewer subjects, shifting the focus to case studies and business scenarios for practical, real-world learning. The revised structure emphasizes skill development through updated practical training duration and industry-relevant applications. Enhanced eligibility criteria further simplify progression through the course, ensuring better alignment with evolving industry needs. The icai new scheme equips aspiring Chartered Accountants with essential knowledge and practical expertise to excel in today’s dynamic business environment. ICAI New Scheme 2024: Latest Updates The New Scheme 2024 introduces major changes, including the consolidation and removal of several papers across all levels. Notably, the CA articleship duration is reduced from 3 years to 2 years, enabling quicker qualification as a Chartered Accountant. Key updates include revised eligibility criteria, registration validity, syllabus structure, subjects, exam patterns, passing requirements, exemptions, and rules for training leaves and discontinuation. For a detailed overview, refer to the latest ICAI New Scheme 2024 Updates given in below table:  New Scheme                                                    Latest Update On ICAI  ICAI CA Course Level New Scheme Changes CA Foundation        4 Subjects From 6 Subjects CA Intermediate    6 Papers (3 In Each Group) CA Articleship     The period has been shortened from 3 years to 2 years. CA Final       6 Papers (3 In Each Group) The ICAI New Scheme 2024 For Education and Training. The CA Course under ICAI New Scheme 2024 has shortened the overall duration, providing a faster path to qualification while maintaining rigorous training and education standards.  Understanding the updated timeline is crucial for grasping the revised course structure and requirements.  The ICAI 2024 Education & Training New Scheme ICAI CA Course Level Current Proposed CA Foundation Registration/ Appear 10 + 2 Start Start CA Foundation Study Period 4 Months 4 Months CA Intermediate Study Period 8 Months 8 Months CA Articleship 36 Months 24 Months CA Final Study Period – 6 Months Total CA Course Duration 48 Months 42 Months Work Experience for CoP – 12 Months Benefits Of ICAI New Scheme Of Education & Training, 2024 The ICAI New Scheme opens up several doors to students who wish to become future Chartered Accountants. Reduced subjects for better clarity, laid emphasis on practical learning so that students can be job-ready, and lowered eligibility criteria make the path to becoming CA, more formal and less complex. ICAI New Scheme Of Education: Old Scheme v/s New Scheme ICAI Old Scheme: Registration for Foundation / Appear for 10+2: Students can register for the CA Foundation course after completing Class 10+2 examinations or its equivalent. Take the CA Foundation Exam: After a 4-month of study period, candidates are eligible for the CA Foundation exam. Study period for the Intermediate Exam: Once students pass the Foundation level, they can start studying for the CA Intermediate exam, which generally requires an 8-months study period. Articleship Training: Following the Intermediate exam, students enter a 3-year Articleship period, gaining practical experience under the mentorship of a qualified Chartered Accountant. Study for the Final Exam: After commencing their Articleship, candidates can begin studying for the CA Final examination. Total Time to Achieve ICAI Membership: The complete journey to becoming a member of the Institute of Chartered Accountants of India (ICAI) spans around 48 months. ICAI New Scheme: Registration for Foundation: Similar to the current scheme, students can register for the CA Foundation course after completing Class 10+2 examinations or its equivalent. Take the Foundation Exam: After a 4-month study period, candidates are eligible for the CA Foundation examination. Study for Intermediate Examination: Following the current scheme, students can start studying for the CA Intermediate exam, which generally requires an 8-months study period. Articleship: One of the key changes in the new scheme is the shortened articleship period. Upon passing the Intermediate Exam, students are now required to complete a 2-year articleship instead of the previous 3-year. Study for Final Examination: Following the articleship period, students can begin preparing for the CA Final examination, which currently requires 6 months of study. Total Period to Become ICAI Member: Considering the revised articleship duration and the reduced study period for the Final exam, the overall time needed to become an ICAI member under the new scheme is around 42 months. Optional Business Accounting Certificate The new CA curriculum offers an optional Business Accounting Certificate for students after passing the CA Intermediate Exam, combining self-learning modules and professional training, including the Integrated Course on Information Technology and Soft Skills (ICITSS) program. ICAI New Scheme: The updated scheme reduces the time to qualify as a Chartered Accountant, streamlining the process while maintaining education quality and practical training standards. These changes reflect ICAI commitment to aligning with global benchmarks and equipping future CAs for successful professional careers. CA Foundation New Syllabus 2024 Currently, the new CA Foundation syllabus includes 6 subjects and 4 papers. However, under the new scheme, ICAI New scheme has eliminated 2 subjects (i.e., Business Correspondence & Reporting (+) Business & Commercial Knowledge). Subjects In CA Foundation’s New Syllabus 2024: Paper 1: Accounting (100 marks)                                                                                                      Paper 2: Business Laws (100 marks)                                                                                Paper 3: Quantitative Aptitude (100 marks)                  Business Mathematics  Logical reasoning Statistics  Paper 4: Business Economics

How To Register CA-Intermediate Course By Yourself   Candidates can register CA-Intermediate Course through two entry routes: After Qualifying Foundation Course; or Direct Entry Route (Candidates may gain eligibility for Direct Entry through graduation or post-graduation with the required percentage qualifications, or by passing the Intermediate Level exams of the Institute of Cost Accountants of India The Institute of Cost Accountants of India, or the Institute of Company Secretaries of India, both of which offer professional certifications in their respective fields). DIRECT ENTRY ROUTE ICAI permits direct entry into its Intermediate Course for the following candidates: Commerce graduates or postgraduates with a minimum of 55% marks, and graduates or postgraduates from non-commerce backgrounds with at least 60% marks can register CA-Intermediate Course. Candidates who have cleared the Intermediate Level examination conducted by The Institute of Company Secretaries of India or The Institute of Cost Accountants of India. Provisional Registration Students in the final year of their graduation or post-graduation program are eligible to register CA Intermediate Course. This registration will be confirmed only upon submitting proof of successful completion of their degree with the required minimum marks, as specified. Should a candidate fail to meet the required marks before applying for the CA-Intermediate Examination, their provisional registration will be cancelled, and no credit will be given for any theoretical coursework completed. Additionally, candidates unable to provide satisfactory proof may apply to the Council for a refund of registration and tuition fees, subject to the Council’s refund policy at the time. Conversion To Direct Entry Route Students enrolled in the Common Proficiency Course (CPC) or Foundation Course who meet the eligibility criteria for the Direct Entry Route can register CA Intermediate Course at any time by paying the Intermediate Registration fee. Similarly, existing Intermediate Course students who joined through the CPT/Foundation Course pathway and now qualify for the Direct Entry Route can apply to convert their registration to the CA-Intermediate Course through the Direct Entry Route. Registration Procedure ICAI offers a centralized Self-Service Portal to streamline the registration process. Through this portal, students can handle all administrative tasks related to Intermediate and Final courses, eliminating the need for in-person visits or physical document submissions. Students simply upload self-attested documents online at ICAI Student Services. Direct Entry students can also register CA-Intermediate Course by completing the Online Registration Form available on the page under the “Entry level forms [Foundation and Intermediate (Direct Entry)]” section. Students who initially joined through the Foundation route can convert to the Direct Entry route by logging into the Self-Service Portal and following the conversion steps. After registration, students may order their study materials through the Centralized Distribution System (CDS) Portal at icai-cds.org. Registration Fees Registration Including Various charges Both Groups (Rs) Both Groups (US$) Registration Fee 15,000*   Students’ Activities Fee 2,000   Registration fee as articled assistant 1,000   Total Fees 18,000 $ 1,000 *To be paid once Students hailing from the Union Territories of Jammu and Kashmir, Ladakh, the North-Eastern states, as well as the Andaman and Nicobar Islands, are entitled to a 75% concession on the CA-Intermediate Course fees. (Rs. 4500). Originally offered for registrations between September 20, 2019, and March 31, 2022, this concession has now been extended from April 1, 2022, through March 31, 2025. Starting April 1, 2022, wards of deceased members are eligible for a 75% concession on the CA-Intermediate Course Registration Fee (Rs. 4500). Register For CA-Intermediate Examination (Filing Of Examination Form): A student shall be admitted to CA-Intermediate Examination if: He is enrolled in the CA-Intermediate Course; and He provides a certificate confirming that he has completed a study course of no less than eight months by the first day of the respective month in which the examination is held. Students are required to pay the examination fees as determined by the Council for the CA-Intermediate Examination. The CA-Intermediate Course syllabus is organized into two groups, each consisting of three papers. Students have the flexibility to study and take the examinations either one group at a time or both groups together. Note: Students are encouraged to regularly check the official website, www.icai.org, to stay informed about the latest updates and announcements. Requirements For Passing CA-Intermediate Examination: A student has the option to appear for both groups simultaneously or take one group in one exam and the other group in a subsequent exam. To successfully pass the CA-Intermediate examination, the student must clear both groups. A student will typically be considered to have passed both Groups at the same time if they: In one sitting, achieve at least 40% marks in each paper of both Group I and Group II, along with a minimum of 50% in the overall aggregate of all papers in each individual group; or In a single sitting, obtains at least 40% marks in each paper of both Group I and Group II, and a minimum of 50% in the combined aggregate of all papers across both the groups.

The CA Foundation Course is the gateway to becoming a Chartered Accountant, comprising four papers: Accounting, Business Laws, Quantitative Aptitude, and Business Economics. These cover fundamental concepts in financial reporting, legal frameworks, mathematical tools, and economic theories. Mastery of these papers ensures a strong foundation for advanced studies in the CA curriculum

The CA Foundation is the entry-level examination in your journey to becoming a Chartered Accountant. Registration is streamlined via ICAI’s centralized portal, requiring an OTP-based process and document uploads. The curriculum includes four papers: Accounting, Business Laws, Quantitative Aptitude, and Business Economics, blending theoretical and application-based knowledge

A Chartered Accountant (CA) is a certified expert in financial management, auditing, taxation, and advisory services, essential for guiding businesses in accurate financial reporting. To start your CA journey, choose between two pathways: the Foundation Route (after Class XII) or Direct Entry (for graduates and professionals). Both routes require a combination of rigorous exams, theoretical education, and practical training under ICAI, culminating in membership upon qualification.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act of 1949, tasked with regulating the Chartered Accountancy profession in India. Renowned globally, ICAI offers courses like the CA program, post-qualification diplomas, and specialized certificate programs, focusing on areas like international taxation, forensic accounting, GST, and risk management, fostering excellence in financial and corporate governance.

CA Inter Taxation is a key subject in the CA Intermediate course, focusing on Direct and Indirect Taxes like Income Tax and GST. Success requires a strategic approach, including ICAI study materials, reference books by renowned authors, practice papers, and concise revision notes. Consistent preparation with these resources will build a strong foundation for exams and a career in finance.

Unlock your potential with our blog “How To Becoming a Chartered Accountant”. Come, explore with us an exciting journey of becoming Chartered Accountant just filled with expert tips, inspiring insights, and effective steps transforming passion for finance into a full-fledged career. Let’s start our adventure today!

The secrets of the finance world with our new guide-all about chartered accountants! These professionals are seen to play a prime role in ensuring business success by providing invaluable perceptions with audits, tax strategies, and financial planning. Find out how their expertise fosters growth, builds trust, and drives excellence in every organization!

your potential with the top 5 importance of time management for CA aspirants! It boosts productivity by prioritizing tasks, reduces stress through organized planning, and enhances decision-making with focus. Plus, it improves the quality of your work and fosters personal growth by allowing time for learning. Change your journey today!

Your future and the best opportunities in a CA career! From auditing and taxation to financial consulting and management positions, options are wide and appealing. Explore paths in multinational firms, startups, or even the entrepreneurial kind. Find out the opportunities for you in the profession of a CA qualification and their potential in helping you climb the corporate ladder with financial success as a milestone!

Find out what are the top 5 strategies to success in CA Intermediate exams! This guide is devoted to expert tips on good study habits, time management, and dealing with exam patterns. Discover how you will raise your confidence, optimize your revision, and ace your papers! Equip yourself with these powerful strategies and pave your path to success!