ICAI releases details of CA Annual Membership/Certificate of Practice Fees for 2023-2024

The Institute of Chartered Accountants of India (ICAI) has announced the due date and other details of the annual membership/certificate of practice fees required to be paid by the associate and fellow Chartered Accountants (CAs) for the Year 2023-2024.

The Members were advised to remit Annual Membership/Certificate of Practice fees for the year 2023-2024, which became due for payment on 1st April, 2023 and needs to be paid on or before 30th September, 2023.

All Members were requested to pay the fee immediately as Tax Invoice (in terms of GST Liability) has been already generated.

The applicable amount of Annual Membership/Certificate of Practice Fee including GST is as given below: –

Associate Members Holding COP (Includes Membership fees and COP fees) - Rs. 5310

Fellow Members Holding COP (Includes Membership fees and COP fees) - Rs. 8260

Associate Members not Holding COP with Age below 60 years as on 01.04.2023 - Rs. 1770

Fellow Members not Holding COP with Age below 60 years as on 01.04.2023 - Rs. 3540

Associate Members not Holding COP with Age above 60 years as on 01.04.2023 - Rs. 1298

Fellow Members not Holding COP Age above 60 years as on 01.04.2023 - Rs. 2714

The Fees above are inclusive of GST @ 18%.

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 a case, any upward revision in the amount of fee in future, their Membership/COP will not be removed/canceled from the Register of Members/COP on account of fee revision. [It may be noted that 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 of fee (the difference of fee in conversion from ACA to FCA and Fellow Member Admission Fee) for the remaining period.]

ICAI is also promoting “I GO GREEN with ICAI” scheme under which Member opting e-journal will be given a discount of Rs.590/- (including Rs. 90 GST) on total amount of Membership Fees.

Air Mail charges payable for CA Journal (in case of members abroad) Rs. 2478/- including GST (not applicable if member opts for e-journal).

The ICAI also appealed to all our members to contribute generously to the Chartered Accountants Benevolent fund (CABF).

Chartered Accountants Benevolent Fund

Life Membership Rs.10000/- (If not a Life Member)

Yearly Subscription Rs. 1000/-

Voluntary Contribution - A respectable amount

S Vaidyanath Aiyar Memorial Fund

Life Membership Rs.1000/- (If not a Life Member)

Yearly Subscription Rs.50/-

Voluntary Contribution - A respectable amount

Payment of fee shall be made online through Self-Service Portal (SSP) at the link of ICAI eServices.

Procedure for Payment of Annual Membership/COP Fees of Partner by the Firm.

The Partner has to give consent for payment of fees by the Firm through his login on SSP. Click “Pay Now/Give consent” >> Select Yes (see screenshot) >> Select Firm >> select Journal Type >> Check details >> select “I agree” >> Submit.

After that HI (Head Incharge) of the Firm will login to his account on SSP >> will click “Firm Function” >> will click “ICAI Bulk Renewal Form for HI” >> will click on “Bulk Renewal Form” >> will select FRN >> select checkbox “Make payment for Partners” >> Click “Proceed” >> Details of the Partners who have provided their consent will appear >> Proceed and make payment.

User Manual for annual Membership and COP payment is available at the link https://resource.cdn.icai.org/61637sspfaq-50147mem-fee.pdf.

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