ICAI issues Annual Fee Circular for Chartered Accountants

The Institute of Chartered Accountants of India ( ICAI ) issued the Annual Fee Circular for 2021-22. The 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 a case, any upward revision in the amount of fee in future, their Membership/COP will not be removed/cancelled from the Register of Members/COP on account of fee revision,” the ICAI notified.

It is noteworthy 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 fee (the difference of fee in conversion from ACA to FCA and Fellow Member Admission Fee) for the remaining period.

The applicable amount of Associate Membership Fee and Fellow Membership Fee for all Members below the age of 60 years as on April 1, 2021 who are not holding Certificate of Practice including 18% GST is Rs. 1,770/- and Rs. 3,540 respectively.

The applicable amount of Associate Membership Fee and Fellow Membership Fee for all Members holding Certificate of Practice (COP) including 18% GST Rs. 5,310/- and Rs. 8,260/- respectively.

The applicable amount of Associate Membership Fee and Fellow Membership Fee for Members of the age of 60 years or above not holding Certificate of Practice Rs. 1,298/- and  Rs. 2,714/- respectively.

The Members are also requested to pay the Life Membership, Yearly Subscription and Voluntary Contribution in respect of Chartered Accountants Benevolent Fund and SVaidyanath Aiyar Memorial Fund.

ICAI is promoting the “I GO GREEN with ICAI” scheme under which Member opting e-journal will be given a discount of Rs.590/- (including 18% GST) 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 here

The ICAI appealed all its Members to contribute generously to Chartered Accountants Benevolent fund (CABF) Opt to support ‘I GO GREEN with ICAI’