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ICAI Reduces CA Final Exams to Twice a Year: Key Changes Starting May 2026

Overview

The Institute of Chartered Accountants of India (ICAI) has announced a significant policy change for the CA Final examination cycle. Responding to stakeholder feedback, the Council has decided to reduce the frequency of the exams from three times to twice a year, effective from the May 2026 session onwards. This change aims to streamline the exam schedule for aspirants.

Important Dates

Here are the revised key dates for the May 2026 session.

Examination Revised Start Date Session Timing
CA Intermediate 5th May 2026 2:00 PM to 5:00 PM
CA Final May 2026 (Session 1) To be announced
CA Final Next Session November 2026 To be announced

Critical Update: The CA Intermediate exam for May 2026 has been rescheduled. It will now commence on May 5, 2026, instead of May 3, 2026, for centres in India and abroad. The exam timing remains unchanged.

Impact on Aspirants

The shift from three to two annual exam sessions (May and November) fundamentally alters the planning strategy for CA Final candidates. This reduces the number of annual attempt opportunities but provides a more predictable and potentially less frantic exam calendar.

Concurrently, ICAI has introduced a critical, one-time facility for students with expiring paper exemptions.

One-Time Exemption Conversion Window
Candidates who obtained an exemption in the November 2024 exam, valid until the January 2026 results, have a limited window to convert it to a permanent exemption.
  • Application Period: March 3, 2026, to March 22, 2026.
  • How to Apply: Via the candidate's SSP Dashboard.
  • Key Rules:
    • This is a single, non-extendable opportunity. Missing the deadline means the exemption lapses permanently.
    • Exemptions in two papers of the same group must be converted together.
    • Once a group has a permanent exemption (50PE), no new exemptions will be granted for that group.
    • There is no correction window or late fee option after submission.
    • Candidates can later surrender a permanent exemption to reattempt that paper.
  • Automatic Conversion: Exemptions in Paper 4 or Paper 5 obtained between May 2022 and November 2023 will be automatically made permanent. No application is required.

What Should Aspirants Do Now

  1. Adjust Study Plans: Aspirants targeting 2026 must align their preparation with the new May and November exam windows. The reduced frequency necessitates more disciplined, long-term study schedules.
  2. Check Exemption Status: Students who appeared in November 2024 must verify their exemption validity and mark the critical March 2026 conversion window in their calendars to secure permanent exemptions.
  3. Monitor Official Channels: For the exact dates of the November 2026 CA Final exam and other updates, regularly check the official ICAI website.

FAQ

Q: How many times will the CA Final exam be held in a year now?

A: Starting May 2026, the CA Final exam will be conducted twice a year, in May and November.

Q: What is the new start date for the May 2026 CA Intermediate exam?

A: The CA Intermediate exam will now begin on May 5, 2026, instead of May 3, 2026.

Q: How can I convert my expiring CA Final exemption to permanent?

A: Eligible candidates must apply through their SSP Dashboard between March 3 and March 22, 2026. This is a one-time window with no second chance.

Q: Are there any changes to the Foundation or PQC exam schedules?

A: As per the notification, the schedule for the Foundation and Final (Old Course) PQC examinations remains unchanged.

Q: Where can I find the official notification?

A: The official circular is published on the ICAI website (icai.org).

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