The Schedule of Bank Branch Audit fees admissible to the auditors for the audit work of the branches, depending upon the quantum of advances (as on the date with reference to which audit is conducted) will be as under:- Category of branches according to Rate of audit fees the quantum of advances as on 31.03.2015 (Rs.) a) Cells like CCPC/RACPC/RASMEC/SARC etc. 14,375/- (Advance level Nil) b) Upto Rs. 10 crores 40,250/- c) Over Rs. 10 crores upto Rs. 20 crores 57,500/- d) Over Rs. 20 crores upto Rs. 30 crores 79,350/- e) Over Rs. 30 crores upto Rs. 50 crores 1,20,750/- f) Over Rs. 50 crores upto Rs. 75 crores 1,38,000/- g) Over Rs. 75 crores upto Rs.125 crores 1,82,850/- h) Over Rs. 125 crores upto Rs.175 crores 2,28,850/- i) Over Rs. 175 crores upto Rs.300 crores 2,87,500/- j) Over Rs. 300 crores upto Rs. 500 crores 3,24,300/- k) Over Rs. 500 crores upto Rs.1000 crores 3,59,950/- l) Over Rs.1000 crores upto Rs.5000 crores 3,95,600/- m) Above Rs. 5000 crore. 4,31,250/- Fees for LFAR and Tax Audit
In respect of Branches 10% of basic audit fees payable for LFAR & 15% or 7.5% of basic audit fees for Tax audit of the respective branch* Further the Service tax, (as applicable and subject to terms & conditions mentioned) is also payable in addition to the Bank Branch Audit fee.
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