
Inspired and guided by family, a new generation of CAs step into the field
At the top, with an All India Rank No. 1 in the CA final exam, is Rajan Kabra from Chhatrapati Sambhaji Nagar, scoring an impressive 86% in his very first attempt. Kabra, a student of the Savitribai Phule Pune University was inspired to embark on the CA journey by his father who is a practicing CA.
'My father's career and dedication inspired me to choose this field. After clearing the intermediate level, I moved to Mumbai for my articleship. Alongside work, I dedicated myself to studies, and this result is the outcome of that effort,' said Kabra. He added that he is deciding whether to continue working at his current job or to join his father's firm.
At second rank is Nishita Bothra from Kolkata, who scored 83.83%, and Manav Shah from Ghatkopar, secured the third rank with 82.17%.
Shah, who completed his schooling at Sheth Virchand Dhanji Secondary English Medium School and went on to study at Narsee Monjee College, Vile Parle, credited his elder brother for guiding him through the CA journey. 'My brother inspired me to pursue this career. His support through my studies was invaluable. I began preparing right after Class 12, and this result brings me immense joy,' he said. Shah is yet to decide whether to begin an independent practice or pursue a job.
In the CA intermediate exams, Disha Gokhru from Mumbai holds the All India No. 1 rank, and Devidhan Sandeep takes the second position. Yasmin Jain from Jaipur and Nilay Dangi from Udaipur secured the third and fourth ranks.
In the CA Foundation results, also declared today, Vrinda Agarwal from Ghaziabad secured the All India Rank No. 1. Yajnesh Narkar from Mumbai, and Shardul Vichare from Thane came second and third.
The CA course has three levels where the Foundation exam is the entry-level exam, the Intermediate one builds upon that foundation, and the final exam is the most advanced of the three. The Intermediate and Final level exams have two groups, Group 1 which focuses on subjects like accounting and law, and Group 2 which delves into advanced concepts like cost accounting and auditing. Those attempting the CA Intermediate or Final exam can either appear from Group 1, Group 2, or both groups in the same exam. This year, a total of 14,247 candidates have successfully cleared the final exam across the three groups.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 days ago
- Time of India
CTC is Rs 40 LPA but cannot even afford a vacation: CA decodes a 32-year-old techie's financial reality
It sounds like the dream, doesn't it? Rs 40 lakh per annum. Swanky job in tech. A 1.5 crore apartment in Mumbai. A shiny car in the parking lot. From the outside, it's a picture of success. But peel back the curtain, and the reality is sobering: a 32-year-old IT professional with a CTC of Rs 40 LPA is broke. Not just metaphorically — he literally cannot afford a single stress-free vacation. Welcome to India's newest illusion: high income with zero financial freedom. Chartered Accountant Nitin Kaushik recently broke down this alarming financial profile on X. CTC: Rs 40 LPA In-hand salary: Rs 2.2 lakh/month Flat in Mulund (Mumbai): Rs 1.5 crore by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Lifetime Office 365 Download Undo Home loan: Rs 1.25 crore EMI: Rs 1.12 lakh/month Right off the bat, more than 50% of his salary goes toward the home loan. That's not including maintenance, property tax , or rising interest rates. Add to that: Car EMI: Rs 15,000/month, living expenses (food, utilities, social life): Rs 50,000/month. What's left? A razor-thin saving margin of Rs 30,000–Rs 40,000/month, if everything goes perfectly. But life rarely plays by the rules. One minor health issue, one job switch, or even a trip abroad — and the entire house of cards tumbles. — Finance_Bareek (@Finance_Bareek) CA points out the real trap - Asset-rich, liquidity-poor - Lifestyle inflated income - With no real investments or emergency fund - Retirement planning is becoming non-existent How to chase financial freedom instead? If income isn't translating into peace of mind, then it's time to reset the approach. Here's what Kaushik suggests — and what thousands are now waking up to: - Control spending: Don't let your income decide your expenses. Let your goals decide. - Building an emergency fund in liquid form — non-negotiable. - Invest in real assets: Mutual funds, index funds, stocks — anything that compounds, not depreciates. - Say no to lifestyle debt Final thoughts According to the CA, in today's economy, cash flow is king. So if you're earning big but still broke, you're not alone. But staying stuck in the trap is a choice.


Time of India
3 days ago
- Time of India
Rs 40 lakh CTC illusion vs reality exposed by CA: How 4 simple rules can lead to real 'financial freedom'
In today's hyper-competitive job market, salary packages are often used as markers of success. A Rs 40 lakh CTC sounds like a dream to many, especially to young professionals entering the workforce. But CA Nitin Kaushik, a chartered accountant, has exposed how such high packages can create a false sense of financial well-being. Harsh Truth Behind High CTCs According to the CA, a Rs 40 lakh cost-to-company salary often creates the illusion of financial success, while in reality, many in this income bracket still struggle with basic financial independence. He points out that several people earning this much can't even afford to take a six-month break without feeling financially unstable—proof that high income doesn't always translate into real wealth. Through the case of a 32-year-old IT professional, Kaushik highlights how high income doesn't necessarily translate to financial freedom—especially when spending habits and financial planning don't align with long-term goals. At first glance, the individual appears to be doing well. With an annual CTC of Rs 40 lakh and a monthly in-hand income of Rs 2.2 lakh, the financial situation looks promising. However, much of this income is tied up in fixed liabilities. The professional purchased a Rs 1.5 crore apartment in Mumbai's Mulund, making a down payment of Rs 25 lakh. The rest—Rs 1.25 crore—was financed through a home loan, leading to an EMI of Rs 1.12 lakh per month. This single expense consumes over 50% of the monthly take-home pay. Add to this a car EMI of Rs 15,000 and living expenses of Rs 50,000, and there is little left for savings. At best, the person manages to set aside Rs 30,000 to Rs 40,000 a month, assuming no unexpected expenses or disruptions. — Finance_Bareek (@Finance_Bareek) 4 Rules for True Financial Freedom To break free from the illusion of wealth and achieve genuine financial stability , the CA lays down four practical rules: Spend Mindfully: Avoid upgrading your lifestyle just because your income has increased. Build Real Investments: Invest consistently in mutual funds, stocks, and other productive assets. Maintain an Emergency Fund: Keep a financial cushion for unforeseen circumstances. Stay Out of Debt Traps: Don't let aspirational purchases create long-term financial pressure. The broader message in his post is a wake-up call: high income is not the same as financial security. The illusion of a big CTC may keep one trapped in a cycle of overwork, debt, and anxiety, unless balanced with sound financial habits. Real wealth, according to him, comes from conscious spending, sustainable saving, and long-term planning—not just a big paycheque.


Hindustan Times
4 days ago
- Hindustan Times
Bank retiree cracks CA exam at 71 in Rajasthan's Jaipur
Tarachand Agarwal, a 71-year-old retired bank manager from Jaipur, cleared the Chartered Accountant (CA) exam last week, achieving what many half his age find daunting. The man was born to a farmer-cum-businessman, in Hanumangarh's Sangria and was the fourth among eight siblings.(Pixabay/representatitve) Agarwal was born to a farmer-cum-businessman, in Hanumangarh's Sangria and was the fourth among eight siblings. He did his schooling in Sangria, married his wife, Darshana, in 1974, and joined the State Bank of Bikaner and Jaipur (now the State Bank of India) in 1976 as a clerk. After 38 years of service at the bank, he retired as the Assistant General Manager in 2014. Agarwal found his way back to the books after his wife's death in November 2020. "There was a lot of emptiness. Though my children and grandchildren were with me, I just couldn't focus," he said. On the advice of his children, he turned to reading the Bhagavad Gita, rediscovering a love for learning. When he proposed doing a PhD, his children suggested something even more challenging. "They said, 'Do CA. It's difficult, but it will give you recognition. My granddaughter said 'If you can guide me, why can't you do it yourself?'" Tarachand said. Encouraged, he registered for CA in July 2021. He passed the foundation in May 2022, cleared the intermediate in January 2023, and after failing his first final attempt in May 2024, succeeded this year. The results were declared on the ICAI website on July 6. Tarachand studied for up to 10 hours every day, battled shoulder pain, and practised writing for hours in preparation. He relied on books, YouTube videos, and took no professional help. Sometimes he would study at his younger son's general store to avoid the loneliness of home. His elder son, Lalit, is a CA in Delhi, while his younger son, Amit, is in tax practice. Their encouragement was crucial, Tarachand said. "They brought me a laptop, helped with the registration, and supported me at every step." But above all, he credits his success to a lesson he learned from his uncle, who taught him the Gita. "Do any work you take up with firm determination," he said. It's a value he lived by every day. "Whatever work I do, I do it firmly. This is what the Gita taught me," Tarachand said.