We have prepared a Leave Calculator for CA Students who are nearing articleship completion. The Download is available at the bottom. Read the guidelines before using the calculator.
Guidelines for Calculation of Leave
(Regulation 74: Leave to an Audit Assistant)
An audit assistant may be allowed such leave of absence as he earns in accordance with his terms of employment but such leave shall not exceed one-sixth of the period, for which he has served excluding from such period, the period for which he has been on leave.
An audit assistant who has served as an articled assistant before the commencement of his audit service shall, in addition to the leave earned under this regulation, be entitled to leave earned and not availed of by him as an articled assistant, subject to a maximum of two months.
Leave of absence may ordinarily be granted to an audit assistant only for a period aggregating to not more than one-sixth of the period actually served, till the time the leave is availed of.
For the purpose of preparing for an examination of the Institute, the audit assistant shall be granted by the employer leave for two months or to the extent due, whichever is less, provided an application for leave has been made at least fifteen days in advance.
Leave not earned may also be granted by the employer subject to the condition that the total leave to be taken by the audit assistant shall not exceed one-sixth of the total period of his actual service, together with leave due under sub-regulation (2).
Notwithstanding anything contained in the foregoing sub-regulations, the employer shall allow the audit assistant to receive training in the Territorial Army, the Home Guards or any similar organization approved by the Council and shall treat the period of such training, not exceeding sixty days in a year as period actually served as an audit assistant.
For the purpose of this regulation, the days (including intervening holidays) on which an audit assistant appears for any examination under these Regulations or attends a course of academy of accounting conducted by the Institute and recognized by the Council in this behalf, shall not be treated as leave but would be treated as period actually served as an audit assistant.
Explanation – For the removal of doubts, it is clarified that attendance by an audit assistant, with the consent of the principal, at a conference, course or seminar organized by the Institute including a regional council or a students’ association or a branch of a regional council for the benefit of students, shall be treated as period actually served as an audit assistant.
Based on the above regulation we have prepared a CA Student Articleship Leave Calculator to check whether you have exceeded your maximum leave allowed or not. You can download the calculator below.