ICAI issues circular for annual membership fees for 2021-22 | No reduction in fees in spite of Covid | How to pay membership fees

written by ADMIN | May 25, 2021

ANNUAL FEE CIRCULAR 2021-22

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. [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 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 and GST i.e.18% is as below;

1. Fees for all Members below the age of 60 years as on 01.04.2021
Not holding Certificate of Practice

Associate Membership Fee

GST@ 18%

Rs. 1,500/-

Rs. 270/-

Rs. 1,770/-

Fellow Membership Fee

GST@ 18%

Rs. 3,000/-

Rs. 540/-

Rs. 3,540/-

2. Fees for all Members holding Certificate of Practice(COP)

Associate Membership Fee

Certificate of Practice fee

GST@ 18%

Rs. 1,500/-

Rs. 3,000/-

Rs. 810/-

Rs. 5,310/-

Fellow Membership Fee

Certificate of Practice fee

GST@ 18%

Rs. 3,000/-

Rs. 4,000/-

Rs. 1,260/-

Rs. 8,260/-

3. Fees for Members of the age of 60 years or above (as on 01.04.2021) not holding
Certificate of Practice {Those holding COP are required to pay the Fees as per 2 above}

Associate Membership Fee

GST@ 18%

Rs. 1,100/-

Rs. 198/-

Rs. 1,298/-

Fellow Membership Fee

GST@ 18%

Rs. 2,300/-

Rs. 414/-

Rs. 2,714/-

Members are also requested to pay the following (optional);

Chartered Accountants Benevolent Fund

Life Membership

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

Yearly Subscription

Rs. 1000/-

Voluntary Contribution

A respectable amount

SVaidyanath Aiyar Memorial Fund

Life Membership

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

Yearly Subscription

Rs.50/-

Voluntary Contribution

A respectable amount

Air Mail charges for CA Journal (in case of members abroad)
(Shall not be applicable if member opts for e-journal)

Rs. 2478/- (optional) including 18% GST

 

ICAI is promoting “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/

If you wish to know the procedure to pay your membership fees and COP fees to ICAI CLICK HERE.

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’.

Extend your helping hands: Contribute Generously to CABF.

Now ICAI has made payment of membership fees 100% online through SSP portal.

 

To read full notification CLICK HERE.