Employees of accounting regulator, the Institute of Chartered Accountants (ICAI), late last night called off their two-day old strike, after the management agreed to their demand for a salary hike.

"The management has given us a 20 per cent hike in January's gross salary, which has been credited to our salary accounts," ICAI Employees' Association Secretary Deepak Kishore told PTI.

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Nearly 800 employees had been on strike since February 3 to protest non-payment of salary for January and accused the management of misappropriating funds.

Together with payment of salary, employees were also pressing for a hike, as per the Sixth Pay Commission report.

About 8 lakh students train with the ICAI, which comes under the administrative control of the Ministry of Corporate Affairs, The institute comprises at least 1.5 lakh members.

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