A CA is a qualified and skilled financial professional who is in charge of managing a single component of a firm, such as auditing financial accounts, depending on their area of specialization. Others might manage a company's accounting requirements or they might operate as independent contractors who manage accounting issues for numerous companies. CAs are also qualified to file tax returns for businesses, audit financial statements and operational procedures, and provide client advisory services. To become a CA, candidates are required to pursue CA Courses after clearing their class 12th board exams from a recognised board with a minimum aggregate score of 55% and above. However, candidates from commerce backgrounds with substantial knowledge in Accounting and Finance are in a better position than those who come from Science, Arts or any other backgrounds. After successfully completing these courses, they are then eligible to apply across various CA firms with a starting salary of INR 6.70 LPA - 8.90 LPA.
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How to Become a CA after 12th: Quick Facts
| Eligibility criteria | Completion of class 12th from a recognized board and clear CPT examination Or, A commerce graduate with 55% marks and a non-commerce graduate with 60% marks and a passed IPCC exam. |
| Skills required | Knowledge of regulatory standards, commercial awareness, understanding of financial reporting standards, analytical skills, discretion, market awareness |
| Starting salary | INR 6.80 LPA - 9 LPA |
| Average Salary | INR 17 LPA |
| Highest salary | INR 50 LPA & above |
What are the Eligibility Criteria to Become a CA after 12th?
The basic eligibility criteria required to become a CA after 12th are listed below for your reference.
- Foundation path: After class 12th, a candidate can sit for the common proficiency test exam (CPT)
- Direct path: commerce candidates with 55% marks in graduation and non-commerce candidates with 60% marks in graduation can have a direct entry to sit for the intermediate exams by applying to the ICAI for registration.
- The common proficiency test or the CPT exam is for the 12th-pass candidates. By clearing the exam, candidates can apply for their registration to the ICAI to sit for the intermediate-level exam.
- Only the candidates who are registered with the ICAI will receive guidance and study materials to proceed further in the CA course.
What are the Steps to Become a CA after 12th?
In order to become a CA, candidates must pursue certain steps and procedures that would help them efficiently follow their goals in a hassle-free process. Listed below are the key steps to become a CA after 12th for your reference.
- One can become a CA through two routes: the direct path and the foundation path.
- Candidates who have passed class 12th are eligible to apply for registration in the ICAI.
- after 4 months of getting registered under ICAI, the candidate is eligible to sit for the CA foundation exams.
- the candidate has to pass individually in 4 subjects to clear the foundation exam.
- Candidates who have got 40% marks in individual subjects and 50% marks in the overall subjects are eligible to sit for the intermediate exam.
- The intermediate exam takes place after 8 months of registration into the CA intermediate course
- Candidates have to appear for 8 subjects divided into two groups. They can attempt one group at a time or both the groups
- Candidates who have got 40% marks in individual subjects and 50% marks in the overall subjects to get qualified for the articleship training
- Candidates have to complete an integrated course on information technology and soft skill in order to proceed with the articleship training.
- Candidates have to go through 3 years of articleship training. They can register for articleship training after passing one or two groups in the intermediate course.
- Candidates have to complete advanced integrated information technology and soft skill courses before appearing in the CA finals
- Candidates who have passed both groups are eligible to sit for the CA final exams. there are 8 subjects divided into 2 groups. Candidates can attempt one group at a time.
- Candidates who have got 40% marks in individual subjects and 50% marks in the overall subjects is the one who the CA final exam.
- The candidate has to apply for membership in ICAI after successfully completing the articleship training and passing the CA finals.
CA Courses after 12th
Candidates aspiring to become a CA after 12th can pursue CA courses right after clearing their class 12th board exams or can even pursue them after clearing their graduation in any frelevant subjects. Tabulated below in detail is the CA Course across its three major levels for your reference.
| Parameters | CA Foundation | CA Intermediate | CA Final |
|---|---|---|---|
| Eligibility criteria | Class 12th pass and passing the CPT exam | Candidates who have got 40% marks in individual subjects and 50% marks in the overall subjects are eligible to sit for the intermediate exam | Candidates who have passed both groups are eligible to sit for the CA final exams Complete advanced integrated information technology and soft skill course |
| Average course fees | 10,900 | 36,600 | 39,800 |
What are the Skills Required to Become a CA after 12th?
Some of the basic skill sets that are required to become a CA are tabulated below for your reference.
| Discipline, diligence, hard work | Conceptual understanding | Analytical skills |
| Attention to details | Business knowledge | Management |
| Communication skills | Time management | Computer skills |
What are the Benefits of Becoming a CA after 12th?
Every job comes aling with its own sets of perks and benefits. Listed below are some of the key benefits of becoming a CA for your reference.
- There is a huge job market that includes high salaries and the luxury of working independently
- CA course leads a person to better and higher managerial positions. It opens the door for prestigious job profiles
- The demand for CAs is ever-increasing with the ever-increasing businesses and organizations. Every field requires a CA which is why the scope of CAs is huge. They have job security which no other profession can give.
- Ability to work in flexible working hours. The work of the CA depends solely on the skills of the person.
What is the Salary of a CA after 12th?
Tabulated below is the average salary of a CA based on the years of relevant experience gained for your reference.
| Years of Experience | Average Annual Salary (INR) |
|---|---|
| 0-1 years | 5.8 L |
| 2-5 years | 6.7 L |
| 6-10 years | 8.3 L |
| 10-15 years | 17 L |
| 15-20 years | 35.80 L |
| 20 years and above | 50 L & above |
How to Become a CA after the 12th: FAQs
Ques. Is it necessary for a student to belong from an arts background in order to become a chartered accountant?
Ans. No it is not necessarily important to belong from a commerce background to become a chartered accountant. Arts and science students can also sit for the CPT exam.
Ques. What are the 7 subjects in the CA course?
Ans. The different subjects in the CA course are:
- Taxation
- Auditing and assurance
- Advanced Accounting
- Accounting
- Business law, ethics, and communication
- Cost accounting and financial management
- Enterprise information system and strategic management
Ques. What is the duration of the CA course?
Ans. The duration differs from person to person as each student requires their own sweet time to pass every paper to clear the CA course. Usually, it takes 4-5 years to complete the course.
Ques. Is there any limitation to the attempt of examination in the CA course?
Ans. No. there is no such limitation to the number of attempts an individual can make. A candidate can sit several times in the examinations which take place twice a year.
Ques. Which subject is the most difficult one in the CA syllabus?
Ans. Auditing is considered to be the most difficult subject in the CA syllabus. It is the most competitive subject which needs more attention and practice.
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