Minimum fees charged by Chartered Accountant in Practice

List of revised minimum chartered accountant fees charged for professional assignments done by CA in Practice as prescribed by ICAI.

List of revised minimum chartered accountant fees charged for professional assignments done by CA in Practice as prescribed by ICAI. ICAI fee structure 2023-2024 for practicing chartered accountants in India. ICAI has prescribed the minimum fee to be charged by CA in practice in India.

The Committee for Capacity Building of Members in Practice (CCBMP) of the Institute of Chartered Accountants of India (ICAI) has prescribed the minimum recommended scale of fees for the professional assignments done by the members of CA Institute.

The prescribed Minimum Recommended Scale Fees will enhance the productivity and Capacity Building of Practitioners and CA Firms and will largely benefit the Small and Medium Practitioners (SMP) segment.

Accordingly, all Chartered Accountants who are in practice may consider these recommendations while charging fee for the work performed for various professional assignments.

The Capacity Building of Members in Practice was formed under regulatory provisions of Chartered Accountants Act, 1949 for CA Firms/LLP and members in practice. The ultimate objective of the Committee is to address the issues of profession and challenges faced by the CA Firms and enhancing their competence through capacity building and improving their visibility amongst the business community.

Revised Minimum Fees for Professional Assignments done by CA

CCBMP has recommended the chartered accountant fees separately for Class A and Class B Cities. Therefore the amount charged will be based on the location of the service provider. Class A Cities includes Delhi, Mumbai, Calcutta, Chennai, Pune, Hyderabad, Bangalore and Ahmedabad whereas Class B Cities includes all other cities not included in Class A.

The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered. Further, Service Tax should be collected separately wherever applicable.

Following are the recommended minimum chartered accountant fees which has been recommended by the Committee for Capacity Building of CA Firms & Small and Medium Practitioners (CCBCAF&SMP) of ICAI and duly considered by the Council.

The Committee for Members in Practice (CMP) of ICAI has recommended the fee separately for Class A, Class B and Class C cities.

Class A Cities are Delhi, Greater Mumbai, Kolkata, Chennai, Pune, Hyderabad, Bengaluru and Ahmedabad.

Class B Cities are Agra, Ajmer, Aligarh, Allahabad, Amravati, Amritsar, Asansol, Aurangabad, Bareilly, Belgaum, Bhavnagar, Bhiwandi, Bhopal, Bhubaneswar, Bikaner, Bokro Stell City, Chandigarh, Coimbatore, Cuttack, Dehradun, Dhanbad, Durgapur, Durg-Bhilai Nagar, Erode, Faridabad, Firozabad, Ghaziabad, Gorakhpur, Greater Visakhapatnam, Gulbarga, Guntur, Gurgaon, Guwahati, Gwalior, Hubli-Dharwad, Indore, Jabalpur, Jaipur, Jalandhar, Jammu, Jamnagar, Jamshedpur, Jhansi, Jodhpur, Kannur, Kanpur, Kochi, Kolhapur, Kollam, Kota, Kozhikode, Lucknow, Ludhiana, Madurai, Malappuram, Malegaon, Mangalore, Meerut, Moradabad, Mysore, Nagpur, Nansws-Waghala, Nashik, Nellore, Noida, Patna, Puducherry/ Pondicherry, Raipur, Rajkot, Ranchi, Rourkela, Saharanpur, Salem, Sangli, Siliguri, Solapur, Srinagar, Thiruvanathapuram, Thrissur, Tiruchirappalli, Tiruppur, Ujjain, Vadodara Surat, Varanasi, Vasai-Virar City, Vijayawada and Warangal.

Class C Cities are those cities which are not covered in the Class A and B above.

1) Advising on Drafting of Deeds/Agreements:

ICAI members who are holding COP may charge the following minimum fee for advising on Drafting of Deeds/Agreements.

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Partnership Deed₹15,000₹10,000₹8,000
Partnership Deed (With Consultation & Tax Advisory)₹20,000₹15,000₹10,000
Filling of Forms with Registrar of Firms₹7,000₹5,000₹3,000
Supplementary / Modification in Partnership Deed₹12,000₹9,000₹6,000
Joint Development Agreements/ Joint Venture Agreements₹12,000₹9,000₹6,000
Others Deeds such as Power of Attorney, Will , Gift Deed etc.₹5,000₹4,000₹3,000

2) Income Tax:

CA in practice may charge these revised minimum recommended fees for Income-tax related matters viz. Income-tax return filing, attending for rectifications / refunds, and filing of appeals etc.

Filling of Return of Income

I) For Individuals/HUFs

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
a. Filling of Return of Income with Salary/Other Sources/Share of Profit₹8,000₹6,000₹4,000
b. Filling of Return of Income with detailed Capital Gain working
i) Less than 10 Transactions (For Shares & Securities)₹11,000₹8,000₹5,000
ii) More than 10 Transactions (For Shares & Securities₹17,000₹12,000₹8,000
c. Filling on Return of Income for Capital Gain on Immovable property₹32,000₹12,000₹8,000
d. Filling on Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet.₹12,000₹22,000₹15,000

II) For others

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
a. Partnership Firms/Sole Proprietor with Advisory Services₹15,000₹10,000₹8,000
b. Minor’s I.T. Statement₹8,000₹6,000₹4,000
c. Private Ltd. Company:
i) Active₹25,000₹18,000₹12,000
ii) Defunct₹12,000₹9,000₹6,000
d. Public Ltd. Company
i) Active₹65,000₹45,000₹30,000
ii) Defunct₹25,000₹18,000₹12,000

Filling of Forms

If you are a Chartered Accountant, you may charge the following minimum quarterly fee for the respective services related to Form filling:

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
a. Filling of TDS/TCS Return (per Form)
i) With 5 or less Entries₹4,000₹3,000₹2,000
ii) With more than 5 entries₹9,000₹7,000₹5,000
b. Filling of Form No. 15-H/G (per Set)₹4,000₹3,000₹2,000
c. Form No. 49-A/ 49-B₹4,000₹3,000₹2,000
d. Any other Forms filed under the Income Tax Act₹4,000₹3,000₹2,000

Certificate

Obtaining Certificate from Income Tax Department:

  • For class ‘A’ Cities: ₹14,000
  • For class ‘B’ Cities: ₹10,000
  • For class ‘C’ Cities: ₹7,000

Filling of Appeals

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
First Appeal Preparation of Statement of Facts, Grounds of Appeal, Etc.₹32,000₹22,000₹15,000
Second Appeal (Tribunal)₹65,000₹45,000₹30,000

Assessments

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Attending Scrutiny Assessment/Appeal
(i) CorporateSee Note 1See Note 1See Note 1
(ii) Non Corporate₹32,000₹22,000₹15,000
Attending before Authorities₹10,000 /Per Visit₹7,000 /Per Visit₹5,000 /Per Visit
Attending for Rectifications/ Refunds/Appeal effects Etc.₹7,000 /Per Visit₹5,000 /Per Visit₹3,000 /Per Visit
Income Tax Survey₹80,000₹55,000₹35,000
T.D.S. Survey₹50,000₹35,000₹25,000
Income Tax Search and SeizureSee Note 1See Note 1See Note 1
Any other ConsultancySee Note 1See Note 1See Note 1

3) Charitable Trust:

Following are the minimum prescribed fees charged by CA in practice for the respective services related to charitable trust.

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Registration Under Local Act₹25,000₹18,000₹12,000
Societies Registration Act₹32,000₹22,000₹15,000
Registration Under Income Tax Act₹25,000₹18,000₹12,000
Exemption Certificate under section 80G of Income Tax Act₹20,000₹15,000₹10,000
Filing Objection Memo/other Replies₹10,000₹7,000₹5,000
Filing of Change Report₹10,000₹7,000₹5,000
Filing of Annual Budget₹10,000₹7,000₹5,000
Attending before Charity Commissioner including for Attending Objections₹8,000₹6,000₹4,000
F.C.R.A. Registration₹35,000₹25,000₹18,000
F.C.R.A. Certification₹8,000₹6,000₹4,000

4) Company Law and LLP Work:

Members of ICAI in practice shall consider the following recommended fee while doing assignment related to Company Law and LLP work.

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Filing Application for Name Approval₹8,000₹6,000₹4,000
Incorporation of a Private Limited Company/LLP₹35,000₹25,000₹18,000
Incorporation of a Public Limited Company₹65,000₹45,000₹30,000
Advisory or consultation in drafting MOA, AOA₹15,000₹11,000₹8,000
(i) Company’s/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial WorkSee Note 1See Note 1See Note 1
(ii) Certification (Per Certificate)₹15,000₹11,000₹8,000
Filing Annual Return Etc.₹10,000₹7,000₹5,000
Filing Other Forms Like : F-32, 18, 2 etc.₹5,000₹4,000₹3,000
Increase in Authorised Capital Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/ LLP Agreement₹25,000₹20,000₹14,000
DPIN/DIN per Application₹4,000₹3,000₹2,000
Company Law Consultancy including Petition draftingSee Note 1See Note 1See Note 1
Company Law representation including LLP before RD and NCLTSee Note 1See Note 1See Note 1
ROC RepresentationSee Note 1See Note 1See Note 1

5) Audit and Other Assignments:

CA Audit Fees: Rate per day would depend on the complexity of the work and the number of days spent by each person.

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
(i) Principal₹18,000₹12,000₹8,000
(ii) Qualified Assistants₹10,000₹7,000₹5,000
(iii) Semi Qualified Assistants₹5,000₹4,000₹3,000
(iv) Other Assistants₹3,000₹2,000₹1,000

Subject to minimum indicative Fees as under: –

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Tax Audit₹40,000₹30,000₹22,000
Company Audit
(a) Small Pvt. Ltd. Co. (Turnover up to ₹2 crore)₹50,000₹35,000₹25,000
(b) Medium Size Pvt. Ltd. Co./ Public Ltd. Co₹80,000₹55,000₹35,000
(c) Large Size Pvt. Ltd. Co./ PublicSee Note 1See Note 1See Note 1
Review of TDS Compliance₹25,000₹18,000₹12,000
Transfer Pricing AuditSee Note 1See Note 1See Note 1

6) Investigation, Management Services or Special Assignments:

Rate per day would depend on the complexity of the work and the number of days spent by each person.

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Principal₹35,000/- & Above +
per day charge
₹25,000/- & Above +
per day charge
₹18,000/- & Above
per day charge
Qualified Assistant₹18,000/- & Above +
per day charge
₹12,000/- & Above +
per day charge
₹8,000/- & Above
per day charge
Semi Qualified Assistant₹10,000/- & Above +
per day charge
₹7,000/- & Above +
per day charge
₹5,000/- & Above
per day charge

CA in Practice may charge the following recommended fee for the respective work.

CA Fee for Certification work

11) Goods and Services Tax (GST):

Following chartered accountant fees has been recommended for Goods and Services Tax (GST) related services made by members of CA Institute who are in practice .

ParticularsClass ‘A’ CitiesClass ‘B’ CitiesClass ‘C’ Cities
Registration₹20,000₹15,000₹10,000
Registration with ConsultationSee Note 1See Note 1See Note 1
Tax Advisory & Consultation i.e. about value, taxability, classification, etc.See Note 1See Note 1See Note 1
Challan/Returns₹15,000/- & Above +
(₹4,000/- Per Month)
₹10,000/- & Above +
(₹3,000/- Per Month)
₹8,000/- & Above +
(₹2,000/- Per Month)
Adjudication/Show Cause notice reply₹30,000₹20,000₹15,000
Filing of Appeal / Appeals Drafting₹30,000₹20,000₹15,000
Furnish details of inward/outward supplySee Note 1See Note 1See Note 1
Misc. services i.e. refund, cancellation/revocation registration, maintain electronic cash ledger etc.See Note 1See Note 1See Note 1
Audit of accounts and reconciliation Statement₹40,000₹20,000₹12,000
Any Certification Work₹10,000₹7,000₹5,000

12) FEMA Matters:

FEMA matters

Notes:

  1. Fees to be charged depending on the complexity and the time spent on the particular assignment.
  2. The above recommended minimum scale of fees is as recommended by the Committee for Members in Practice (CMP) of ICAI
  3. The aforesaid table states recommendatory minimum scale of fees works out by taking into account average time required to complete such assignments. However, members are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same.
  4. Office time spent in travelling & out-of-pocket expenses would be chargeable. The Committee issues for general information the above recommended scale of fees which it considers reasonable under present conditions. It will be appreciated that the actual fees charged in individual cases will be matter of agreement between the member and the client.
  5. GST should be collected separately wherever applicable.
  6. The Committee also recommends that the bill for each service should be raised separately and immediately after the services are rendered.
  7. The amount charged will be based on the location of the service provider.

Note that the aforesaid fees are recommendatory and therefore chartered accountants are free to charge varying rates depending upon the nature and complexity of assignment and time involved in completing the same.

For any Query please contact:

  • Ph: 0120-3045994
  • E-mail : sambit.mishra@icai.in


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