ICAI's New Scheme: Clarity on CA Foundation/Inter Exam for Sep 24/Jan 25

Latest Important Update:

Date - July 1, 2023

Exciting news alert! 👀✨ The Institute of Chartered Accountants of India (ICAI) has just announced the ⚡ CA New Scheme 2024 ⚡, which will be effective from the May 2024 term.

ICAI New Scheme Important Links

Official Gazzete | ICAI Notification | Prospectus | Transition Scheme | FAQ's | Syllabus

✨ Key highlights of New Scheme:

🔹 New prospectus has been launched 📚
🔹 Revised syllabus has been introduced 📝
🔹 Transition Scheme 
🔹 Frequenty Asked Questions (FAQ's)
🔹 Study Material

✨ Key Changes to the CA Course :

CA Foundation: Reduced to 4 papers.
CA Intermediate: Reduced to 6 papers (3 in each group).
CA Articleship: Duration reduced to 2 years.
CA Final: Reduced to 6 papers (3 in each group).

CA Papers at Different Levels

Papers at CA Foundation Level

Paper 1 - Accounting (100 Marks)
Paper 2 - Business Laws ( 100 Marks)
Paper 3 - Quantitative Aptitudes (100 Marks)Business Mathematics
- Logical Reasoning
- Statistics

Paper 4 - Business Economics (100 Marks)

Papers at CA Intermediate Level

Group 1

Paper 1 - Advanced Accounting (100 Marks)
Paper 2 - Corporate and Other Laws (100 Marks)
Paper 3 - Taxation 
Section A - Income Tax Law (50 Marks)
Section B - Indirect Taxes (50 Marks)

Group 2
Paper 4 - Cost and Management Accounting (100 Marks)
Paper 5 - Auditing and Ethics (100 Marks)
Paper 6A - Financial Management (50 Marks)
Paper 6B - Strategic Management (50 Marks)

To Purchase CA Inter New Scheme Video Classes by Top Faculties, Click Here

Papers at CA Final Level

Group 1
Paper 1 - Financial Reporting (100 Marks)
Paper 2 - Advanced Financial Management (100 Marks)
Paper 3 - Advanced Auditing, Assurance and Professional Ethics (100 Marks)

Group 2
Paper 4 - Direct Tax Laws and International Taxation (100 Marks)
Paper 5 - Indirect Tax Laws (100 Marks)
Paper 6 - Integrated Business Solutions (100 Marks)
(Multi - Disciplinary case study involving Papers 1 to 5 at the final level along with Self-Paced Online Modules Sets A and B and Strategic Management)

To Purchase CA Final New Scheme Video Classes by Top Faculties, Click Here 

Self-Paced Online Modules

- SET A - Corporate and Economic Laws [Compulsory] (100 Marks)

- Strategic Cost and Performance Management [Compulsory] (100 Marks)

- Elective - Choose Any One Module (100 Marks)
1. Risk Management
2. Sustainable Development and Sustainability Reporting
3. Public Finance and Government Accounting
4. The Insolvency and Bankruptcy Code, 2016
5. International Taxation
6. The Arbitration and Conciliation Act, 1996
7. Forensic Accounting
8. Valuation
9. Financial Services and Capital Markets
10. Forex and Treasury Management

- Towards developing inherent traits of CA Students and incorporating Multi-disciplinary approach envisaged in NEP, 2020 (Choose any One Module) (100 Marks)
1. The Constitution of India & Art of Advocacy
2. Psychology & Philosophy
3. Entrepreneurship & Start-Up Ecosystem
4. Digital Ecosystem and Controls

Date - June 23, 2023

Announcement for New Scheme of Education and Training

The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in lines with International Education Standards and National Education Policy, 2020 (NEP) after considering the inputs from various stakeholders. The New Scheme of Education and Training has been notified in the Gazette of India on 22nd June, 2023 and will come into effect from 1st July, 2023. The New Scheme of Education and Training at a glance, is available at https://resource.cdn.icai.org/74483bos-nset.pdf

Important dates for the implementation of New Scheme of Education and Training are given as under:

S.No. Particulars Date/ Attempt
1. Last date for Registration in Foundation under Existing Scheme 1st July, 2023
2. Last date for Registration in Intermediate and Final Courses under Existing Scheme 30th June, 2023
3. Date of commencement of Registration and Conversion in Foundation Course under New Scheme 2nd August, 2023
4. Date of commencement of Registration and Conversion in Intermediate and Final Courses under New Scheme 1st July, 2023
5. First Foundation Examination under New Scheme June, 2024
6. First Intermediate and Final Examination under New Scheme May, 2024
7. Last Foundation Examination under Existing Scheme December, 2023
8. Last Intermediate and Final Examination under Existing Scheme November, 2023
9. Last date of commencement of three years Practical Training 30th June, 2023
10. Date of commencement of two years uninterrupted Practical Training 1st July, 2023

Syllabus, Transition Scheme and Frequently Asked Questions (FAQs) will be hosted on 1st July, 2023. Paper wise exemption plan will be announced in due course.




Date : June 15, 2023

Date : May 26, 2023

The new CA Course has now been approved by MCA. Official Notification for implementation of New Course will be released within 2 weeks time.

Date : May 02, 2023

ICAI New Course Update

Important Update: 

CA New syllabus bill is still pending from the Ministry of Corporate affair (MCA)

MCA Rejected ICAI Proposal of 2 years of Articleship + 1 year post qualification training for ICAI new Course. They have asked to remove the post qualification Training Altogether.


Date : Mar 24, 2023


All hurdles for new course are cleared and hopefully after receiving MCA APPROVAL new course notification will be issued.

                                                                                   - CA Anupam Sharma

Let's break them down below.

Proposed ICAI Exam and Training Life Cycle

    1. Register for Foundation after passing Class 10 (registration valid for 4 years)
    2. Appear for Foundation Examination after appearing for 10+2 examination and completion of 4 months from registration (passing marks 50% in each paper)
    3. Register for Intermediate Course after passing Foundation Examination/graduate or post-graduate with requisite marks (registration valid for 5 years + 5 years with revalidation)
    4. Registration for Intermediate Course would also be treated as registered for Business Accounting Associate (BAA)
    5. Appear for Intermediate Examination (6 papers –2 groups) after completion of the study period of 8 months (passing marks 40% in each paper and 50% in each group)
    6. Pass both groups of Intermediate Examination, complete integrated course on Information Technology and Soft Skills and commence articleship
    7. Register for Final Course and registration valid for 10 years which can be revalidated after every 10 years
    8. Articleship period will be 2 years of which 2nd year can be for industrial training (eligible leave 24 days for 2 years)
    9. Undergo Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) Course, pass self paced online modules and Complete articleship before appearing in Final Examination
    10. Appear for Final examination (6 papers –2 groups) after and completion of 6 months from end of articleship(passing marks 40% in each paper and 50% in each group). If unsuccessful, apply for Business Accounting Associate.
    11. A candidate getting exemption in any paper will need to pass the remaining papers within the next 3 attempts. The exemption can be availed further subject to passing marks of 50% in each paper.
    12. Pass both groups of Final Examination and apply for ICAI membership. To apply for Certificate of Practice undergo 1 year work experience under a fellow CA in practice.

Number of Papers

 Levels of ICAI Exams No. of Papers
CA Foundation Four Papers
CA Intermediate Six Papers (Two Groups of 3 Papers each)
CA Final Six Papers (Two Groups of 3 Papers each)


CA Foundation Papers:

Paper -1: Accounting (100 marks)
Paper -2: Business Laws (100 marks)
Paper -3: Quantitative Aptitude (100 marks)
    • Business Mathematics
    • Logical reasoning
    • Statistics

Paper -4: Business Economics (100 marks)

CA Intermediate Papers:

Group-1 Papers:
Paper -1: Advanced Accounting (100 marks)
Paper -2: Corporate laws (100 marks)
Paper-3: Cost and Management Accounting(100 marks)

Group-2 Papers:
Paper-4: Taxation (100 marks)
    • Direct Tax
    • Indirect Tax
Paper-5: Auditing and Code of Ethics (100 marks)
Paper-6A: Financial Management (50 Marks)
Paper-6B: Strategic Management (50 Marks)

CA Final Papers:

First Group Papers:
Paper – 1: Financial Reporting (100 marks)
Paper – 2: Advanced Financial Management (100 marks)
Paper – 3: Advanced Auditing & Professional Ethics (100 marks)
Second Group Papers:
Paper – 4: Direct Tax Laws and International Taxation (100 marks)
Paper – 5: Indirect Tax Laws (100 marks)
Paper – 6: Integrated Business Solutions (Multi-disciplinary case study with Strategic Management) (100 marks)

Introduction of Self-Paced Online Modules

  • Four self-paced online learning modules encompassing different fields, are being introduced.
  • Student can learn and qualify the modules at their own pace after qualifying the intermediate level examination

    SET A:

    Economic Laws [Compulsory Online Module]

    SET B:

    Strategic Cost Management and Performance Evaluation [Compulsory Online Module)

    SET C:

    [Optional Online Module – Specialisation Elective]

    Subjects which are globally relevant for positioning CA qualification as a Global Qualification

    (Students have to choose any one module)

      1. Risk management
      2. Integrated and Sustainability Reporting
      3. Government Accounting and Public finance
      4. Introduction to Digital Ecosystem and Transformation
      5. International Taxation
      6. Arbitration, Mediation and Conciliation
      7. Forensic Audit
      8. Financial Services and Capital Markets
      9. Valuation
      10. Forex and Treasury Management

    SET D:

    [Towards developing inherent traits of CA students and incorporating the Multidisciplinary approach envisaged in NEP, 2020]

    [Students have to choose anyone module]

      1. Constitution of India
      2. Psychology (including self-awareness)
      3. Entrepreneurship (to include MSMEs & Start ups )
      4. Communication (to include Advocacy)
      5. Philosophy

    A student has to undergo online learning in Economic Laws [SET A] and Strategic Cost Management and Performance Evaluation [SET B] mandatorily. Further, he has to choose one module each from SET C and SET D.

    Pattern of ICAI Exams

    Foundation Level

    Partly subjective and partly objective.

    Intermediate Level

    • Closed book examination
    • 30% assessment by way of case scenarios/ study based MCQs and 70% by way of descriptive questions.

    Partially objective and partially subjective [30% case scenario/study based MCQs and 70% descriptive questions] in all papers.

    Final Level

    • Open book/ restricted open book pattern for all papers
    • 30% assessment by way of case scenarios/ study based MCQs
    • 0% assessment by way of descriptive questions.
    • Mandatory Multidisciplinary case study Paper.

    Revalidation of Registration

    CA Foundation Course

    Validity of Foundation level registration is for 4 years. There is no revalidation of CA Foundation registration.

    If a candidate is not able to clear Foundation Exam within 4 years of registration, he can opt for alternative route of direct entry to Intermediate Course subject to fulfilling stipulated conditions.

    CA Intermediate Course

    Validity of registration in CA Intermediate level is for 5 years. You may revalidate your registration only once after expiry of registration for a further period of 5 years.

    CA Final Course

    CA Final registration validity period is 10 years. Revalidation allowed in Final level. That means you may revalidate your CA Final registration again and again after expiry of validity period of 10 years.

    Eligibility for appearing in ICAI Exams

    CA Foundation Exams

    Foundation level students shall be eligible to appear in CA Foundation exams after completion of 4 months study period and appearing in Class-12 examination.

    Four Months Study Period has been specified and cut-off dates i.e. 1st January and 1st July have been removed. This will enable holding of Foundation Exams more than two times in a year.

    CA Intermediate Exam

    After completion of 8 months Study for students registering through Foundation Route as well as Direct Entry Route.

    Earlier, for direct entry route, the students were eligible to appear in the intermediate examination after completion of 9 months of practical training. In the proposed scheme, since a student can commence practical training only after qualifying both groups of intermediate, a common study period of 8 months is proposed for students entering through the Foundation route and direct entry route as well.

    CA Final Exam

    • After passing both the Groups of Intermediate Examination
    • Completion of 2 year of Practical Training (Articleship),
    • Completion and passing of 4 Self-Paced learning Modules, and,
    • Completion of Management and Communication skills (MCS) and Advanced ITT (second level)
    • 6 months after the 2 year Practical Training is completed and courses completed as mentioned above, appear for Final examination.

     Four Self-paced online modules are being introduced, which the students can qualify at their own pace. Students have to, however, qualify these modules for appearing in Final examination.

    Also, since the practical training period would be an examination free period commencing after students qualify both groups of intermediate examination, students will be eligible to appear in the Final examination after and completion of 6 months from the end of two years of Practical Training.

    Passing Criteria of ICAI Exams


    CA Foundation Passing Criteria: 50% in each paper (with 25% negative marking for each wrong answer to MCQs in papers 3 and 4).


    CA Intermediate Passing Criteria: 40% marks in each individual paper and 50% marks in aggregate to pass the Group with 25% negative marking (for wrong answers to MCQ based questions).

    Negative marking would prevent students from resorting to guess work while answering questions. They would strive to improve their preparation and hone their application skills in order to answer correctly in the MCQ based papers.


    CA Final Passing Criteria: You will pass in CA Final exams if you secure at least 40% marks in each paper and 50% marks in aggregate to pass the Group.

    Note that there is 25% negative marking for wrong answers to MCQ-based questions.

    Paper-wise Exemption in ICAI

    Foundation, Inter and Final: A candidate getting exemption in any paper will need to pass the remaining papers within the next 3 attempts.

    For CA Intermediate and CA Final: After 3 attempts, the exemption can be availed further subject to passing marks of 50% in each paper. It is applicable for Intermediate and Final Group wise exams.

    If student secures 60% or more in paper/s in one attempt, exemption of paper(s) for immediate 3 attempts is allowed. Thereafter, exempted paper/s will be treated as permanently passed and student has to score 50% to pass in the remaining paper/s individually. The student may, however, opt to surrender the exemption after three attempts.

    Note that exemption obtained in any paper would not lapse even after three attempts. However, the candidate would be required to score 50% each in the remaining paper(s) (instead of 40% marks in individual paper and 50% marks in aggregate, as at present). He may, however, opt to surrender the exemption after three attempts.

    ICAI Practical Training

    Practical Training to commence only after passing both the groups of CA Intermediate in order to have exam free and seamless elective training, where a student can focus completely on his practical training rather than appearing in the remaining group of the Intermediate examination, as at present.

    • Seamless and focused practical training for 2 years.
    • Articleship or Practical Training can be commenced after qualifying both the groups of Intermediate examination (for students through Foundation and Direct Entry Route) and completion of IT Training and Orientation Course.
    • The period of training would be an examination-free period of two years.
    • There would be a reduction in the entitlement of leaves from 1/7th of the practical training period to 12 days in a year.
    • Since there will be no exams during the two years of practical training, therefore, the number of leaves has been restricted to 12 days in a year.
    • 100% increase in the stipend presently paid to the articled assistants.
    • Option to undergo Industrial training for 9 months to 1 year (in the last leg of practical training)
    During the second year of articleship training, the termination of articles shall be permitted if the articled assistant OPTS FOR INDUSTRIAL TRAINING or under such exceptional circumstances or conditions, as may be decided by the Council.

    ICAI Articleship Period

    This table show you the period of articleship of practical training under old as well as new scheme of education and training:

    Articleship Current Scheme  Proposed Scheme
    A. Total number of days of Training 1095 (365 x 3) 730 (365 x 2)
    B. Leaves permitted 156 leaves (1095 x 1/7th Days) 24 leaves (12 per year)
    C. No of Sundays (52 in a year) 156 (52 x 3) 104 (52 x 2)
    D. No. of Gazetted Holidays Approx. 15 in year) 45 (15 x 3) 30 (15 x 2)
    E. Paid leaves for Advance ITT and MCS 30 0 [See Note]
    Effective days of Training [Total of A - (B+C+D+E)] 708 [1095 - (156 + 156 + 45 + 30)] 572 [730 - (24 + 104 + 30 + 0)]


    Difference between the period of training under Current and Proposed Scheme = 136 days (708-572).

    Note: Advanced ITT and MCS can be done after completion of Training under the Proposed Scheme.

    Soft Skills and IT Training

    • Orientation Course and ITT (first level) to be undergone before the commencement of practical training.
    • Management and Communication skills (MCS) and Advanced ITT (second level) to be undergone during the Practical Training period or thereafter, but to be completed before appearing for Final Examination.
    • Training will be mix of virtual and physical modes.

    Requirement of COP

    • One-year post-qualification work experience in a CA Firm required by Members applying for Certificate of Practice (COP) at any point of time.
    • Requirement of one year post qualification work experience not applicable for a member who has worked for a minimum period of one year with a fellow chartered accountant in practice in the immediately preceding five years before the date of making such application.

    A one year post qualification experience is mandated for those applying for COP. Also, members who are in industry and desire to shift to practice would also be required to have a one year experience in a CA firm before they apply for COP.



    Zeroinfy.in is India’s Largest Online Platform for Exam Preparation, with over 200+ HD quality video courses, 25+ best Professors.Presently it covers exams like CA, CS, CMA, UPSC CSE, IIT-JEE. Furthermore, we not only provide access to the best but also most reputed Professors.We do this from across India by streaming their classes online/ delivering it in pen drives.Above all, you can view these lectures multiple times, 24X7, anytime anywhere.

    In addition to this, you will have complete freedom to ask questions and clear all doubts at every step by dedicated faculty who give unmatched personalized feedback.Moreover, for any inquiries Call 8100 800 600/601.Furthermore, you can also WhatsApp on this number.

    All recent pieces of information related to CA/CS/CMA/Banking Courses are available on Zeroinfy.in.


    • Pankaja

      I have cleared Group -1 of PE -II & Group -2 of IPC , whether SETC & SET D will be applicable for me to write CA final exams
    • NABIN KC

      If i clear a single group of intermediate exam in nov23 will i be able to start articleship?

    • Jemin

      i am going to give my first attempt of CA final in MAY 24 so is Self based module is applicable for me or not

    • Falguni Roy

      I want to give group 1 in the month of November. How l will give group 2 in the month of May with old syllabus.
      Or l have to give both group in the month of November for old syllabus


      My name is bhagwan singh parmar, and i have completed my ca intermediate both group before 5 year , and i have completed my article ship as well as gmcs advance it everything but due to some circumstances i did not complete my ca final course but i want to clear ca final and at present i am doing job in a company give me some guidance how i can continue my studies with job and is it possible by self study and how much time will give to study then outcome received positive ?

    Leave a comment