What is ICAI Exam?
The CA examinations, sometimes referred to as ICAI exams, are among the toughest tests in India and are administered by the Institute of Chartered Accountants of India (ICAI). The CA test is divided into three levels: Foundation, Intermediate, and Final. The ICAI will grant membership to students who complete these three exams, certifying them as CAs. These exams are administered twice a year, in May and November.
The Final level and Inter level portions of the May 2023 session of the CA exams will start on May 2nd and May 3rd, respectively. The following table lists the dates for the CA May 2023 tests for all levels:
- The CA Foundation Exams will be held on June 24, 26, 28, and 30 in 2023.
- dates of the CA Inter program’s exams: The dates of the CA Inter Group 1 exam in 2023 are May 3, 6, 8, and 10. Exams for CA Inter group 2 will also be given on May 12, 14, and 18 of 2023.
- The CA Final Exam Group 1 will take place on May 2, 4, 7, and 9 of 2023. Additionally, May 11, 13, 15, and 17 are the dates for the CA Final group 2 paper.
The CA May 2023 preliminary and final exam admit cards will be made available on April 17, 2023. The student’s admittance cards can be downloaded from the official website. This manual contains all the details you require regarding the CA exams, such as levels, subjects covered, how to apply, exam form, dates for the CA exam in 2023, paper format, marking scheme, admission card, Lakshya Edu mock test series, and results.
ICAI Exam Dates for 2023
ICAI Exam Dates for 2023
Particulars | Details |
Exam Name | CA or Chartered Accountancy |
Conducting Body | Institute of Chartered Accountants of India – ICAI |
Exam Conducting Level | National |
Frequency | Conducted twice a year |
Exam Mode | Online |
Exam Duration | 02 hours |
Language | English |
Age Limit | No upper age limit |
Exam Levels | 03 (Foundation, Intermediate & Final) |
Course Duration | 4.5 to 05 years via Foundation route (after the 12th)
Direct entry after graduation – 03 years |
Eligibility Criteria | Must be 12th Pass for CA Foundation |
Average Fees | Foundation- INR 9800
Intermediate- INR 18000 for both groups, INR 13000 for Group I or Group II Final- INR 22000 |
Number of Test Cities | 192 Indian cities and 08 Abroad cities |
Official Website | Icaiexam.icai.org |
Exam Helpdesk Number | 1800 419 2929 |
Eligibility Criteria of CA Exams for each level
- CA Foundation Level: In order to enroll in CA Foundation, students must pass the class 12th exam or a test that is comparable from a recognized board, according to ICAI eligibility rules. Additionally, commerce stream students must get at least 50% of the possible class 12 points. For other stream students to be eligible for the CA foundation level, they must receive a minimum score of 55%.
- CA Intermediate Level: Students can register for CA Intermediate Level either directly or through the CA Foundation path. The eligibility conditions for both options are as follows:
- CA foundation route: To register through this route, students must pass the CA foundation test with a minimum of 40% in each topic and a minimum of 50% overall.
- Direct Entry Route: Graduates from any discipline may apply straight for the intermediate level of the CA. 60% in science and 55% in commerce are required for graduation in order to be eligible for this route.
- CA Final Level: Students must pass both groups of the CA Intermediate Level in order to be eligible for the CA Final Level, and they must also complete at least 2.5 years of training as an articled clerk for a certified firm.
ICAI CA Exam Fees 2023
CA Exam level | Exam Fees |
CA Foundation Exam Form | For Indians – Rs. 1500
For Kathmandu – Rs. 2200 For overseas – $325 |
CA Intermediate Exam Form | For Indian- Both groups- INR 3300, Single group INR 1800
For Kathmandu- Both groups- INR 4000 Single Group- INR 2200 For overseas – both groups- USD 550, and Single group- USD 325 |
CA Final Exam Form | For Indian – Both groups- Rs 2700, Single group Rs 1500
For Kathmandu – Both groups- Rs 3400, Single Group- Rs 2200 For Overseas – both groups- $ 500, and the Single group- $ 325 |
ICAI CA Exam Marking Scheme
Students are taught how to perform legal documentation, accounting calculations, and tax computations in each level of the CA course content and exam structure. For each of the three exam levels, a different exam structure and scoring system are employed
The CA Foundation, Inter, and Final levels’ exam formats and scoring procedures are listed below to help students make the necessary preparations.
CA Foundation Exam Pattern & Marks Scheme
To pass the CA Foundation exams, students must pass each of the 04 subjects. Students must achieve an overall grade of 55% and a 40% in each of their studies to pass the foundation level. The table below depicts the format of the CA Foundation exam:
CA Foundation Papers | Level 1- Comprehension and knowledge | Level 2- Application |
Paper1- Principle and Practice of Accounting | 5-20% | 80-95% |
Paper2A- Business Law | 50-65% | 35-50% |
Paper2b- Business Correspondence & Reporting | 100% | – |
Paper3- Business Mathematics and Logical Reasoning & Stats | – | 100% |
Paper4A- Business Economics | 40-50% | 50-60% |
Paper4B- Business and Commercial Knowledge | 100% | – |
CA Foundation Marking Scheme:
Particulars | Details |
Total Marks | 100 |
Time | 3 hours |
Right Answer | +1 |
Wrong Answer | -0.25 |
Pass mark | 40% of each subject |