Scroll Top

search-icon
    drop-arrow

    Fee

    Introduction

    A fee is a price for rights or facilities that one charges as remuneration. Fees usually require overheads, salaries, expenses, and markups.

    Traditionally, workers earn a fee compared to a contract, salary, or income, and sometimes use gold coins rather than money as account units. A contingent fee is an attorney's fee that is diminished or not at all paid if the defendant loses the court case.

    Understanding

    A service charge, usage charge, or surcharge is a fee that is charged to a customer's account. The purpose of a service charge also depends on the quality of the commodity and the service given accordingly. Sources of why this fee is paid include travel time costs, leasing fees for cars, liability, and insurance premiums for workers compensation and planning premiums.

    Restaurants and banquet halls require paying service charges instead of tips as they ought to disperse them to their waiting staff. A fee may be fixed or variable, or it may be part of a tariff of two parts.

    Types

    For a wide range of purposes, individuals and companies incur the fees. A person may pay a fee to a financial planner to assist with choosing and handling investment, and a family may pay a property broker a fee when selling a house.

    The company pays fees to various authorities to conduct business such as company incorporation fee, local authority registration fee, labour registration fee, land registration fee, and other statutory fees. A company can pay a fee to an accountant to help handle its accounts, and a security firm to ensure that the building is secured after working hours.

    Governments can charge fees to provide a passport to an individual or licence to a business. Investment institutions may charge accounts with a quarterly maintenance fee, and banks can charge overdraft fees when cardholders overdraw their accounts.

    Index

    Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

    Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

    CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

    Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

    Cleartax is a product by Defmacro Software Pvt. Ltd.

    Company PolicyTerms of use

    ISO

    ISO 27001

    Data Center

    SSL

    SSL Certified Site

    128-bit encryption