Before you start your career as a Chartered Accountant, you need to know the CA Foundation fees. ICAI conducts the "Foundation" course which is the first opportunity to become a CA in the ICAI. A beginner's guide giving you an estimate of the expenditure involved in taking the course is:
1. Registration fees
A new fee, the registration one, will be the first item you will spend on. This payment is issued completely for the first round of ₹9,000, which is your only contribution in the CA Foundation course. Paying of this fee allows you to obtain supplementary reading materials and other resources which you will be required in your preparation.
2. Exam fees
Following the successful preparation, the very next step is to take the exam and hence you need to pay for the exam fee. The current fee of Indian students is ₹1,500. But, if you are a candidate who stays outside the country meaning that you're among the international candidates, the fee may not be the same and so you have to verify the official guidelines provided by the ICAI to get the correct information.
3. Study material fees
Except the study materials that are listed in the registration fee one can choose further materials in order to get a better learning experience. Purchasing supplementary books can add an extra ₹1,000 to ₹3,000 to your overall expenses. However, it's advisable to start with the materials provided by ICAI, as they are specifically tailored for the CA Foundation syllabus.
4. Coaching classes
While self-study is one way to go, most students, especially as they want more support on choosing coaching classes.The fees for coaching can vary widely, typically ranging from ₹20,000 to ₹40,000, depending on the institution and whether classes are online or offline. StudyByTech, led by CA Parag Gupta, offers comprehensive coaching at the cheapest prices, enabling students to go through their studies successfully.
5. Additional fees
Another charge that can happen are revaluation fees (₹100 per paper) and late registration penalties. But a late registration penalty and revaluation fees are some of the charges that can accrue. The proper leading of the deadlines, therefore, is of great importance for the students to avoid these unnecessary additional obligations.
Total estimated fees
So, to put it all together, the CA Foundation total fees are someplace around ₹12,000-₹50,000, depending on your choices regarding study materials and coaching.
Final Thoughts
The proper knowledge of the CA Foundation fees and a well-planned budget are vital factors to handle your educational expenses. By using a combination of ICAI resources and coaching from a well-established institution or teacher, you can actually see it as an investment in the direction of becoming a Chartered Accountant.
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