ICAI Membership Fees, Check Online Hassle-Free Procedure

The ICAI membership fee has been announced by ICAI on its official website. Know how to pay ICAI membership fees, payment procedures, discounts, and contributions

The major accounting organization in India, the Institute of Chartered Accountants of India (ICAI), is in charge of establishing guidelines, maintaining industry, and protecting the integrity of chartered accountants. Certified public accountants have a prestigious and essential component to practice in ICAI, which carries some financial responsibilities. The purpose of this article is to understand the pay ICAI membership fees for 2023–2024. 

ICAI Membership Fees 2023-2024

The ICAI membership fee is structured on the basis of various categories and criteria, including whether the member has a certificate of practice (COP) and their age. The fees for the year 2023-2024 became due on April 1, 2023, and the payment deadline is September 30, 2023. It is important to remove these fees immediately for members, as GST has already been generated as a tax challan given liability.

ICAI Membership Fees 

Check ICAI membership fees for various categories to understand the costs associated with becoming and maintaining membership with the Institute of Chartered Accountants of India.

ICAI Membership Fees
Srl. No Categories Associate Fellow
1 Members Holding COP (Includes Membership fees and COP fees) Rs. 5310 Rs. 8260
2 Members not Holding COP
2(i) Age below 60 years as of 01.04.2023 Rs. 1770 Rs. 3540
2(ii) Age above 60 years as of 01.04.2023 Rs. 1298 Rs. 2714
Note: The Fees above are inclusive of GST @ 18%

ICAI Membership Fees Advanced Payment Option

Members can pay their total fees in advance for 10 years (1+9 years), including GST. This option prevents members from making any future amendments to the fee structure. However, if an Associate Member (ACA) who later paid in advance opts for fellow status (FCA), they will be required to pay the difference in fees for the remaining period.

Benefits of paying the ICAI membership fee in advance 

Members can pay their membership/COP fee in advance for 10 years. It provides many advantages: 

  • Protection against fees amendment: No future increase in fees will affect those who have already paid. 
  • Financial planning: Advance payment helps in better financial planning and management. 
  • Facility: Reduces the problem of annual payment.

Conditions of advance payment 

ACA to FCA conversion: If an associate chartered accountant (ACA) who later paid an advance fee opts for the position of fellow chartered accountant (FCA), they will have to pay the difference in fees for the remaining period. 
Accurate amount: Advance payment should be made in the exact amount of GST.

ICAI Membership Fees Discounts and Additional Charges 

I beat the ICAI scheme 
Members selected for E-Journal Rs. will get a discount of 590 (including 90 GST) on their total membership fee. 

Air Mall Charge 
For members living abroad who like the physical magazine, the airmail fee of 2478 rupees (GST included) applies. This fee does not apply if the member opposes the e-journal.

ICAI Membership Fees Contribution to Benevolent Fund 

ICAI encourages its members to contribute to the Chartered Accountant Benevolent Fund (CABF), which supports members in need. The contribution is alternative but highly appreciated. The contribution options are given in the table below.

ICAI Membership Fees Contribution to Benevolent Funds
Chartered Accountants Benevolent Fund (Optional)
Life Membership Rs.10000/- (If not a Life Member)
Yearly Subscription Rs. 1000/-
Voluntary Contribution A respectable amount
S Vaidyanath Aiyar Memorial Fund (Optional)
Life Membership Rs.1000/- (If not a Life Member)
Yearly Subscription Rs.50/-
Voluntary Contribution A respectable amount

ICAI Membership Fees Payment Procedure 

Annual membership and COP fees are paid through ICAI's Self-Service Portal (SSP) on this link. Below is a step-by-step guide for the payment process. 

  • Individual member login to SSP: Reach the SSP portal using your login credentials.
  • Select the payment option: click "Pay now/Consent." 
  • Confirm the details: Verify your membership details and the applied fee amount.
  • Complete Payment: Select Payment Method and complete the transaction.

Firm paying by partners 

For firms paying fees from your partners, the following procedure should be followed: 
Partner's consent: The partner will have to log in to your SSP account, "Pay now/pay consent", choose "yes," select firm and journal type, and submit the consent. 
Firm's action: The firm's head in charge (HI) logs into their SSP account, clicks "firm function," and then selects the ICAI bulk renewal form "for HI and FRN (firm registration number). 
Payment: HI will see the details of those partners who have given their consent. En-hi then proceeds to the wholesale payment.

Benefits of ICAI Membership 

Being a member of ICAI comes with many benefits: 

  • Professional recognition: ICAI membership is a mark of professional excellence and integrity. 
  • Networking opportunities: Members can connect with a huge network of professionals. 
  • Continuous education: access to various seminars, workshops, and sustainable education programs. 
  • Resource access: Free or discounted access to ICAI publications and research materials. 
  • Career Support: Aid in career advancement through various ICAI initiatives and job portals. 

Payment of the ICAI membership fee immediately ensures that the member remains in a good position with the institute, maintaining all the benefits and recognition coming with ICAI membership. The detailed structure of the fee, payment process, and additional contribution to philanthropic funds and memorial funds underline the importance of timely compliance. For more detailed information and updates, members are encouraged to regularly check the ICAI website and use the self-service portal for all their membership requirements.

Summary

Pay the ICAI membership fee online or offline, ensuring timely payment for ACA, FCA, or other membership categories. Check the fee structure, payment mode, and time limit to avoid late fees and maintain uninterrupted membership benefits and services from India's Chartered Accountants Institute.

FAQs

How can I pay my ICAI membership fee online?

To pay your ICAI membership fee online, log in to the ICAI Self-Service Portal (SSP) using your credentials, navigate to the "My Membership" section, and follow the instructions to present your member (Kym) form and pay the fee.

How do I pay my CA registration fee online?

To pay your CA registration fee online, visit the ICAI's e-service website and navigate to the relevant registration form for your course (eg, Foundation, Intermediate, or Final). You have to log in with your user ID and password. After submitting the form and completing the required stages, you will be directed on a payment page where you can choose from various online payment options like credit/debit card, net banking, or BHIM UPI.

What if I do not pay the CA membership fee?

If you do not pay the CA membership fee, your membership may lapse, resulting in practicing profit, privileges, and rights. You can also face punishment and restoration fees to revive your membership.

What is the last date to pay CA membership fee?

The last date for payment of ICAI (Institute of Chartered Accountants of India) was the annual membership/COP (certificate of practice) for the year 2024-25, 31 December 2024. This time limit was extended from the original date of September 30, 2024.

How much are CA membership fees?

The ICAI membership fee varies depending on the subscription type (collaborative or partner), whether the practice certificate (COP) is conducted, and age. For members under 60, the annual fee. 1,500 and Rs. 3,000 for partner, plus 18% GST. Police holders pay additional fees for COP. The fees of members aged 60 or more are low. Additionally, fees for chartered accountants and possible exemption for e-Journal are fees.

How many leaves are allowed in CA articleship?

During the three-year CA Articleneep, an article assistant is allowed a maximum of 156 days holiday. It is calculated as a-shade of the total period, except for a holiday. Maximum holiday eligibility is 180 days, but ICAI rules limit it to 156 days.

What is the total fees for CA course for 5 years?

The total cost of completing the CA course is about ₹ 3-4 lakhs, including foundation, intermediate, and fee for final levels. This figure does not include coaching fee or additional expenses such as re-evaluation or recurrence of answer sheets.

How do I pay my CA tax due?

FTB offers various types of payment options, including direct salary from your bank account through our web pay service (free), online credit card payment (under fees), and payment schemes (under fees) for eligible taxpayers.

What happens if you do not pay a membership?

If you do not pay the membership fee, you will possibly lose access to membership services and benefits. The organization can also try to contact you to collect unpaid fees and take further action like cancellation of membership or mentioning you a collection agency.

What is the late fees for CA registration?

The late fee for CA registration is INR 600 for domestic and Kathmandu centers, and USD 10 for foreign centers. This late fee is applied when the examination form is presented after the time limit of registration.