CWA- Suggested Minimum Professional Fees as Approved by the Council
SUGGESTED MINIMUM PROFESSIONAL FEES AS APPROVED BY THE COUNCIL AT ITS
268TH MEETING HELD ON MAY 28, 2011
1. Fees for Cost Audit related assignments:
| Turnover in
Rs. Crores |
Fees for
Cost Audit |
Fees for Cost Records/
Compliance |
| Below 5 | 20,000 | |
| 5 – 10 | 40,000 | |
| 10 – 20 | 50,000 | |
| 20 – 50 | 75,000 | 25,000 |
| 50 – 75 | 1,00,000 | 35,000 |
| 75 – 100 | 1,25,000 | 50,000 |
| 100 – 150 | 1,75,000 | 75,000 |
| 150 – 250 | 2,50,000 | 1,00,000 |
| 250 – 500 | 4,00,000 | 1,50,000 |
| 500 – 750 | 5,00,000 | 2,00,000 |
| 750 – 1000 | 6,00,000 | 2,50,000 |
| 1000 – 2500 | 7,50,000 | 3,50,000 |
| 2500 – 5000 | 8,50,000 | 4,50,000 |
| 5000 – 20000 | 10,00,000 | 5,00,000 |
| 20000 and above | Negotiable | Negotiable |
1. Costing Assignments :
| 1.1 Monthly Retainership | :Rs.10,000 – 15,000 for the first visit and Rs.2,500 – 5,000 for each subsequent visit of around two hours during the month.
|
| 1.2 Casual Visit | :Rs.5,000 – 10,000 per day (Partner having less than 10 years of practice)
: Rs. 10,000 – 25,000 per day (Partner having more than 10 years of practice)
|
| 1.3 Chamber Consultation | Rs.2,500 per hour at the minimum. |
| 1.4 Certificate Work | (a) Minimum Rs.2500 per certificate – for Small Scale Units.
(b) Minimum Rs.5000 for others. (c)For certification involving in-depth scrutiny and study Rs.2000 per hour of work involved. |
2. Designing Systems of Cost and Management Accounting (Minimum Fees)
| (a) Upto Turnover of Rs. 2 Crores | 50,000 |
| (b) Rs.2 Crores to Rs.10 Crores | 1,00,000 |
| (c) Rs. 10 Crores to Rs. 100 Crores | 2,50,000 |
| (d) Above Rs. 100 Crores | 5,00,000 |
Finance Applications and Feasibility Reports : Scrutiny of technical and market feasibility reports, preparing financial feasibility reports and drawing projection of profitability, financial position, capital plan and cash flow – Based on Project Cost.
4. Charges for providing Services of Juniors
Cost Accountant (Qualified Assistant) Rs. 1,000 per hour
Cost Assistant (Intermediate) Rs. 750 per hour
Cost Assistant – Trainee Rs. 500 per hour
For all assignments, Service Tax and other applicable Taxes, Travelling and out-of-pocket expenses will be charged extra.
