Minimum Fees to be charged by a CWA

The Council of the Institute of Cost & Works Accountants of India (ICWAI) at its 268th Meeting has suggested the following minimum fees to be charged by CWA’s.

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

2. Charges for Providing Services of Juniors

Cost Accountant (Qualified Assistant)                -              Rs. 1,000/hr

Cost Accountant (Intermediate)                         -              Rs. 750/hr

Cost Assistant (Trainee)                                     -              Rs. 500/hr

course fees Minimum Fees to be charged by a CWA

3. Designing Systems of Cost and Management Accounting

Upto Turnover of Rs. 2 Crores                    -              Rs. 50,000

Rs 2 Crores to Rs. 10 Crores                        -              Rs. 1,00,000

Rs. 10 Crores to Rs. 100 Crores                   -              Rs. 2,50,000

4. Finance Applications and Feasibility Report

Charges for Scrutiny of Technical and Market Feasibility Reports, preparing financial feasibility reports and drawing projection of profitability, financial position, capital plan and cash flow shall be based on the Cost of the Project.

For all Assignments, Service Tax and other applicable Taxes, Travelling and out of pocket expenses shall be charged extra

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