NABARD notifies Gramin Bank Branch audit fees at as low as Rs.194 p.a

The situation is more pathetic regarding the Tax audit fees where the Banks are paying Tax audit fees @ 5% of basic fees. It results in following fees payable for branch Tax audit (Remember that Nabard is silent about the Tax audit fees)

  

Sr No	Quantum of Loans & Advances of the concerned branch (Excluding Inter branch advances)	Audit fee  (Rs.)	Tax Audit Fees
1	Upto Rs.2.50 crore	3875	194
2	Above Rs.2.50 crore to Rs.5.0 crore	4875	244
3	Above Rs.5.0 crore to Rs.8.0 crore	5875	294
4	Above Rs.8.0 crore	6875	344