Passing Criteria & Exemptions
Pass each CMA Intermediate group by scoring 40%+ per paper and 50%+ aggregate in the group.
Pass each group by scoring: (1) at least 40% in each paper within the group, AND (2) at least 50% aggregate across all 4 papers of the group. Both conditions must be met per group.
Updated 18 Aug 2026
Yes. If you score 60% or more in any paper while failing that group, you receive a paper exemption. Exemptions are valid for 3 subsequent attempts. In future attempts, you only appear in non-exempted papers of the failed group.
Updated 18 Aug 2026
ICMAI periodically issues notifications offering exemptions to qualified CAs and CSs in certain CMA Intermediate papers. Check the latest ICMAI exemption notification on icmai.in for current rules applicable to your qualification.
↗ ICMAIUpdated 18 Aug 2026