ICAI CA Exam 2021 | A-Z Guide On CA Exam 

ICAI CA Exam

ICAI CA Exam: The Institute of Chartered Accountants of India (ICAI) conducts Chartered Accountants (CA) examinations for 2021 from May 22, 2021. The examination body has announced the exam dates for ICAI CA May 2021 exams of Intermediate and Final courses.  

CA Exam Final & IPCC are conducted in May & November whereas CPT is conducted in June & December, every year. To know more about the CA Exam, read the whole blog. 

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As CA aspirants, you have to know the CA Exam in detail and prepare with a solid study plan to crack all levels successfully.

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CA Exam 2021 | Overview

Check out the highlights of the CA Exam before heading into further details:

Features

Details

Exam Name

ICAI Exam, CA CPT, CA IPCC, CA Final 

Conducting Body

Institute of Chartered Accountants of India

Exam Level

National Level Exam

Exam Frequency

Twice a year

Exam Mode

Online

Exam Duration

Two hours

Language

English

Exam Purpose

Training and Certifying Chartered Accountants in India

Course Offered

Chartered Accountancy 

No. of Test Cities

192 cities in India and 8 cities abroad

Exam Helpdesk No.

1800 419 2929

Exam Website

icaiexam.icai.org

Why pursue the ICAI CA exam?

After completion, CA, you will earn instant credibility. You can choose to practice yourself as a self-employed professional, or you can join a credible post in an organization.

Let’s have a look at the top 5 companies which employ CA –

  • Deloitte 
  • PricewaterhouseCoopers (PWC)
  • Ernst & Young (EY) 
  • KPMG
  • BDO International

ICAI CA Eligibility 2021

Aspirants seeking admission to CA courses need to fulfill the eligibility criteria as mentioned in the table below:

Course

Eligibility Criteria

CA Foundation Course

Candidates who have passed Class 12 or equivalent examination from Central or State Board of Education before the examination.

In addition, candidates who have:

  • Registered with Board of Studies on or before 30 June of the examination year
  • Changed to CA Foundation Course with Board of Studies of ICAI on or before September 7 of the examination year.

CA Intermediate Course

  • Candidates have passed the Foundation examination or equivalent examination
  • Candidates who have registered for previous Intermediate exam as per syllabus under paragraph 2 or 2A of Schedule B or Professional Education (Course-II)
  • Professional Competence Course and converted into Intermediate (IPC) Course/ Accounting Technician Course (ATC) 
  • Candidates who have completed graduation or post-graduation in any stream from a recognized institute of India

CA Final Course

  • The candidate who have passed the Intermediate examination or Professional Education Examination – II/PCC/IPCC, are eligible to apply for the Final exam
  • They must also have completed 3 years or 3½ years or must be due to complete, as the case may be, of article training as on the date of filling the form
  • For PE-II stream students and PE-II stream students converted to IPCC – Also, they must be serving the last twelve months of articled training including excess leave, if any, and due to complete 3 years on or before October 31 of the examination year.
  • For PCC stream students – The candidate must be serving the last six months of articled training including excess leave if any, and due to complete 3½ years on or before 30th April of the examination year
  • For Intermediate IPCC students – The candidate must be serving the last six months of training including excess leave if any, and due to complete 3 years on or before 30 April of the examination year.
  • For students converted from PE-II to PCC  as well as for students converted from PE-II to PCC and then to IPCC – The candidate must be serving the last twelve months of training including excess leave if any, and due to complete 3½ years articles on or before 31st October of the examination year.
  • Candidates who have taken termination are advised to re-register for the balance period of training

ICAI CA Important Dates 2021

Check the table below for the CA examination schedule of Foundation, Intermediate (IPC), Intermediate (New Scheme), and Final level examinations:

Events

ICAI 2021 Exam Dates

Online Application process for Intermediate (IPC), Intermediate & Final Examination

31-Mar-2021 to 13-Apr-2021

Application process for Intermediate (IPC), Intermediate & Final Examination with late fees 

13-Apr-2021 to 16-Apr-2021

Application process for IRM Technical Examination and INTT – AT

31-Mar-2021 to 13-Apr-2021

Application process for IRM Technical Examination and INTT – AT with late fees

13-Apr-2021 to 16-Apr-2021

Intermediate IPC Group I (Old scheme) Exam

22-May-2021

24-May-2021

27-May-2021

29-May-2021

Intermediate IPC Group-II (Old scheme) Exam

31-May-2021

02-Jun-2021

04-Jun-2021

Intermediate Course Group I (New Scheme) Exam

22-May-2021

24-May-2021

27-May-2021

29-May-2021

Intermediate Course Group II (New Scheme) Exam

31-May-2021

02-Jun-2021

04-Jun-2021

06-Jun-2021

Final Course Examination Group I (Old Scheme) Exam

21-May-2021

23-May-2021

25-May-2021

28-May-2021

Final Course Examination Group II (Old Scheme) Exam

30-May-2021

01-Jun-2021

03-Jun-2021

05-Jun-2021

Final Course Examination Group I (New Scheme) Exam

21-May-2021

23-May-2021

25-May-2021

28-May-2021

Final Course Examination Group II (New Scheme) Exam

30-May-2021

01-Jun-2021

03-Jun-2021

05-Jun-2021

Insurance and Risk Management (IRM) Technical Exam

21-May-2021

23-May-2021

25-May-2021

28-May-2021

Internal Taxation – Assessment Test (INTT-AT)

21-May-2021

23-May-2021

ICAI CA Exam Pattern 2021

There are three levels of the exam if you need the route after standard 10th. Given below are the names of CA courses in order of first to third.

  • CA Foundation course examination (four papers)

  • CA Intermediate examination (eight papers based on New Syllabus and eight paper based on Old Syllabus)
  • CA Final examination (eight papers based on New Syllabus and 8 paper based on Old Syllabus)

CA Examination Fees

It takes five years to complete the CA if you clear the exams in one go. Let’s check out the fee structure of CA courses:

 CA Foundation Fee Structure

S. No.

Details of Fees

Rupees (For Indian Students)

US$ (For Foreign Students)

1.

Cost of Foundation Prospectus

200

20

2.

CA Foundation Registration Fees

9000

700

3.

CA Foundation Form Fees

200

20

4.

Subscription Fees for Member’s Journal (Optional)

200

20

 

Total

9600

760

CA Intermediate Fee Structure

S. No.

Details of Fees

Both Groups (Rs)

Single Group

(Rs)

Both Groups

(US$)

Single Group

(US$)

1.

CA Intermediate Registration Fees

15000

11000

   

2.

Student’s Activity Fees for CA Intermediate

2000

2000*

   

3.

CA Intermediate Registration Fees as an article assistant

1000

     
 

Total CA Intermediate Fees

18000

13000

1000

600

CA Final Course Fees in India

One has to make the payment of Rs 22000/- (Indian Student) or 1100US$ (Foreign Student) to get themself enroll for the CA Final Course.

Articleship Training Fees

Besides the above courses, you have to complete three years of Article-ship training. You can register for articleship training on completion of either single or both groups of CA Intermediate.

The registration fee for the three years article-ship training has been set by ICAI is Rs 2000/-.

ICITSS Fees in India

Before the commencement of article-ship training and after getting registration into the CA Intermediate course, one has to undergo ICITSS which consists of the Information Technology and Orientation Program.

The fee for such courses are as follows –

  • Information Technology Program – Rs 6500/-
  • Orientation Program – Rs 7000/-

AICITSS Fees in India

You have to complete AICITSS in their last two years of Article-ship training which consists of the Advance Information Training program and the Management and Communication Skills program. 

  • Advanced Information Technology Program – Rs 7500/-
  • Management and Communication Skills – Rs 7000/-

ICAI Exam Results

ICAI will release the CA Result dates after the successful conduction of CA Exam 2020-2021. ICAI will publish the merit lists up to 50th rank along with the results. Applicants who appeared for CA exams for Foundation and Intermediate courses in November 2020 can download their scorecards from the official website now.

CA Exam Study Materials

All the study materials are being provided by ICAI. But only study materials are not enough to clear the exam. You need to browse through past year question papers as well. So while studying, get them first. If you can enroll yourself under an experienced teacher who can teach CA, your chance of success will increase.

Tips To Crack the CA Exam 2021

You can crack any exam with a better study plan. Here we are providing the procedure to crack the CA Exam.

  • You should understand the syllabus and exam pattern.
  • You should identify the tough and easy sections for you.
  • Make a study plan by prioritizing your weaker sections.
  • Stick on the study plan.
  • Study every section thoroughly and practice as many questions as possible.
  • Solve previous year’s papers and mock test series as much as possible.
  • Stay away from distractions.
  • Stay focused, and motivated.
  • Do meditate daily to stay calm.
  • Eat healthy and hygienic foods.
  • Do essential exercise and yoga to stay fit.

Career Scope After CA Exam

You will experience tremendous scopes after the completion of CA certification. Some are,

  • You can work for a firm/organization.
  • You can start your own CA firm.
  • You can pursue Government services.
  • You can be an entrepreneur.
  • You can become an Investment Banker.

FAQ’s Related To ICAI CA Exam

How many stages does one have to pass in order to study CA?

To pursue CA legally and professionally, one must pass the Foundation, Intermediate, and Final stages of the Chartered Accountancy exam.

How often does the CA exam take place each year?

CA Exams are held twice a year for all the levels.

What is the maximum time provided for ICAI CA Exam?

The maximum time provided for ICAI CA Exam is 2 hours.

What is the mode of CA Prelims Exam?

The mode of CA Prelims Exam is computer-based exam.

In India, what is the starting wage for a CA?

The CA’s starting salary in India is at least Rs 7 lakh per year.

What are some of the most well-known private corporations that employ Chartered Accountants?

The biggest private firms that employ CAs are Ernst & Young (EY), PricewaterhouseCoopers (PWC), Klynveld Peat Marwick Goerdeler (KPMG), and Deloitte.

Can the ICAI cancel exam centers if a large number of applicants do not volunteer to take exams at newly added centers?

No, none of the announced exam centers will be canceled by the ICAI.

Can you provide me the CA exam helpdesk no.?

Yes. The CA exam helpdesk no. is 1800 419 2929.

We have provided a detailed guide on CA Exam 2020-2021. For any doubts, feel free to ask any queries related to ICAI below in the comment section.

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