Know Minimum Fee Tax Audit/Audit Fees recommended by ICAI to Chartered Accountants:

Know Minimum Fee Tax Audit/Audit Fees recommended by ICAI to Chartered Accountants The Institute of Chartered Accountants of India (ICAI) has suggested a range of charges for Tax audit-related services, starting at a minimum of Rs.1000 and rising to any level depending on the complexity of the work. The fees mentioned above are proposed but not required for the benefit of Chartered Accountants. As part of its commitment to improving the capabilities of its practitioners, the ICAI's Committee for Members in Practice (CMP) has revised the Minimum Recommended Scale of Fees for professional assignments performed by ICAI members. This suggestion pertains to the fees that should be charged for a variety of professional assignments based on the services provided. Fees are proposed in three categories for cities classified as Class A, Class B, and Class C.

Particulars	Revised Minimum Recommended Scale of Fees
	Class 'A' Cities (Rs.)	Class 'B' Cities (Rs.)	Class 'C' Cities (Rs.)
AUDIT AND OTHER ASSIGNMENTS
Rate per day would depend on the complexity of the work and the number of days spent by each person
(i) Principal	18,000/-& Above per day	12,000/ - & Above per day	8,000/- & Above per day
(ii) Qualified Assistants	10,000/-& Above per day	7,000/- & Above per day	5,000/- & Above per day
(iii) Semi Qualified Assistants	5,000/- & Above per day	4,000/-& Above per day	3,000/- & Above per day
(iv) Other Assistants	3,000/-& Above per day	2,000/- & Above per day	1,000/- & Above per day
Subject to minimum indicative Fees as under:
(i) Tax Audit	40,000/-& Above	30,000/- & Above	22,000/- & Above
(ii) Company Audit
(a) Small Pvt. Ltd. Co. (Turnover up to Rs.2 crore)	50,000/-& Above	35,000/- & Above	25,000/-& Above
(b) Medium Size Pvt. Ltd. Co./ Public Ud. Co.	80,000/-& Above	55,000/-& Above	35,000/- & Above
(c) Large Size Pvt. Ltd. Co./ Public	See Note 1	See Note 1	See Note 1
(iv) Review of TDS Compliance	25,000/-& Above	18,000/-& Above	12,000/& Above
(v) Transfer Pricing Audit	See Note 1	See Note 1	See Note 1

Note 1: Fees should be charged depending on the complexities of the Assignment.