ICAI requests all its Members to remit annual Membership/Certificate of Practice fees for the year 2021-2022, which became due for payment on 1st April, 2021 and needs to be paid on or before 30th September, 2021. It is also requested to pay the fees preferably by 30th June, 2021 in terms of GST Liability.
Members may also pay total fees in advance for Membership/COP in exact amount for 10 years (1+9 years) along with GST. In such case, any upward revision in amount of fee in future, their Membership/COP will not be removed/cancelled from the Register of Members/COP on account of fee revision.
NOTE: An ACA who has paid advance membership fee for a period not exceeding 10 years and at a later stage opts for FCA status then the member is required to pay difference fee (the difference of fee in conversion from ACA to FCA and Fellow Member Admission Fee) for the remaining period.
The applicable amount of Annual Membership Fee/Certificate of Practice Fee is as below:
1. Fees for all members not holding Certificate of Practice (COP):
- Below 60 years as on 01.04.2021:
- Associate Membership Fee - Rs. 1,500 + GST @18% (Total Rs. 1,770)
- Fellow Membership Fee - Rs. 3,000 + GST @18% (Total Rs. 3,540)
- 60 years or above as on 01.04.2021:
- Associate Membership Fee - Rs. 1,100 + GST @18% (Total Rs. 1,398)
- Fellow Membership Fee - Rs. 2,300 + GST @18% (Total Rs. 2,714)
2. Fees for all members (irrespective of age) holding Certificate of Practice (COP):
- Associate Membership Fee - Rs. 1,500 + Rs. 3,000 COP fee + GST @18% (Total Rs. 5,310)
- Fellow Membership Fee - Rs. 3,000 + Rs. 4,000 COP fee + GST @18% (Total Rs. 8,260)
Members are also requested to pay the following (optional):
1. Chartered Accountants Benevolent Fund:
- Life Membership - Rs. 10,000 (If already not a Life Member)
- Yearly Subscription - Rs. 1,000
- Voluntary Contribution - A respectable amount
2. SVaidyanath Aiyar Memorial Fund:
- Life Membership - Rs. 1,000 (If already not a Life Member)
- Yearly Subscription - Rs. 50
- Voluntary Contribution - A respectable amount
3. Air Mail charges for CA Journal (in case of members abroad) - Rs. 2478 including GST @18%
(Shall not be applicable if member opts for e-journal)
ICAI is promoting “I GO GREEN with ICAI” scheme under which Member opting e-journal will be given a discount of Rs. 590 (including GST @18%) on total amount of Membership Fees.
Payment of fee shall be made online through Self-Service Portal (SSP) at the link https://eservices.icai.org
User Manual for annual Membership and COP payment is available at the link https://resource.cdn.icai.org/61637sspfaq-50147mem-fee.pdf
We appeal all our Members to contribute generously to Chartered Accountants Benevolent fund (CABF) Opt to support ‘I GO GREEN with ICAI’
(Also read: ICAI postponed CA Intermediate and Final exams to be held in May 2021)
(Also read: ICAI extends of validity of Peer Review Certificate in the wake of COVID19)
(Also read: ICAI relaxes the requirement for submission of attested document to appear in CA Foundation June 2021 Exams)
(Also read: Extension of time period for commencement of Practical Training for appearing in CA Final November, 2023 exams)
(Also read: ICAI further extends waiving-off Condonation Fees for late filing of various application forms)
Disclaimer: The above post includes some content used from ICAI website and executed on this website for fair use only. As this website is of educational nature, hence the content is used for education and awareness to the public.