The council of the Institute of Chartered Accountants of India recommends from time to time scale of fees chargeable for the work done by the member of the Institute.

Particulars	Revised with effect From 1-4-2000
1.   For giving expert evidence in courts of law in the Union of India according to professional standing of the witness	Rs. 5,000                       to Rs. 10,000 (For each day or part thereof spent in attendance and/or traveling)
2.   Other work: (a)   Statutory Audit, Tax Audit, Internal Audit, Accountancy   and Secretarial            Work carried out by : Ø  Principal         Ø  Qualified Assistants Ø  Semi Qualified/Other Assistants	600(per hour) 300(per hour) 100(per hour)	1200(per hour) 600(per hour) 200 (per hour)
(b)  Taxation Work carried out by : Ø  Principal         Ø  Qualified Assistants Ø  Semi Qualified/Other Assistants	1000(per hour) 500(per hour) 200(per hour)	2000(per hour) 1000(per hour) 400 (per hour)
(c)   Investigation, Management Services or Special Assignments carried out by : Ø  Principal         Ø  Qualified Assistants Ø  Semi Qualified/Other Assistants	1500(per hour) 750(per hour) 250(per hour)	3000(per hour) 1500(per hour) 500 (per hour)

Note: 1. Office time spent in travelling would be chargeable. In case of outstation work, travelling and out-of-pocket expenses would also be chargeable.

2. The Council issues for general information the above revised 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 a matter of agreement between the member and the client.

Accepting Audit for Lesser Fee[1]

Member of the Institute of Chartered Accountants of India shall be deemed to be guilty of professional misconduct, if he on behalf of the firm of chartered accountants in which he is a partner accepts or carries out any audit work involving receipt of audit fees (excluding reimbursement of expenses, if any) for such work of an amount less than what is specified hereunder:

Sr. No.	Particulars	Practicing firm having 4 or more partners but less than 8 partners	Practicing firm having 8 or more partners
(i)	In cities with population of 2 million and above	Rs. 5,000/ p.a.	Rs. 9,000/ p.a.
(ii)	In cities/towns having populations of less than 2 million	Rs. 3,000/ p.a.	Rs. 6,000/ p.a.

However that such restriction shall not apply in respect of the following:

1. Audit of accounts of charitable institutions, clubs, provident funds, etc. where the appointment is honorary i.e. without any fees;
2. Statutory audit of branches of banks including regional rural banks;
3. audit of newly formed concerns relating to two accounting years from the date of commencement of their operations; and
4. certification or audit under Income-tax Act or other attestation work carried out by the Statutory Auditor.

For the purpose of this notification, the expression statutory auditor means and includes a chartered accountant appointed as an auditor under a Central/State or Provincial Act as well as an auditor appointed under any agreement.

[1] Notification No. 1-CA/ (7)/ 75/ 2004 dated 12the May, 2004

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