FEES REGULATING AUTHORITY - 2016-17 & 2017-18, Mumbai
305, Govt. Polytechnic Building, Ali Yawar Jung Marg, Bandra (E), Mumbai - 400 051 (M.S.), INDIA

APPROVED FORMAT FOR COMPUTATION OF FEES FOR YEAR 2017-18 AND STREAM PH
1 Name of the College/Institute:  Shree Mahavir Education Society's Institute Of Technology(Pharmacy), Nashik
Code:  DPH5281
Stream:  PH
Year:  2017-18
Location:  GAT NO.166, MHASRUL-VARVANDI ROAD VILLAGE-VARVANDI, TAL-DINDORI, DIST-NASHIK
2
Approved fee for Academic Year 2015-16   NA
A) Approved fee for Academic Year 2015-16 Rs.  64140
Indicate whether institute desirous of upward revision of fees for the AY 2017-18 and intends not to retain fees whatever approved by FRA for 2016-17.                              Proposal Status- Yes
Proposed fee for 2017-18  76000 Rs.
B) Collected fee as per affidavit  Rs. 64140
C) Year of recognition by respective council/Government : 2003
2.1 In case the Institute has not submitted its fee approval proposal for 2015-16, the fees collected by it per student Rs. 64140
4 Computation of final tuition fee and development fee: Expenditure incurred (in Rs.)
Total Per Student (divided by 4.8)
4.1.1 Salary expenditure for 2015-16 to approved teaching /non teaching staff. as per DTE / AICTE / PCI / COA / GOVERNMENT / UNIVERSITY norms the figure to be given of Professors/Associates Professors/Assistant Professors as per the norms required and actual No.
4643075 38692
4.1.2 Salary/Honorarium paid to visiting Faculties and their numbers
36850 307
4.1.3 Total Salary Expenditure ( 4.1.1+4.1.2) 4679925 38999
4.2 Non salary revenue expenditure (Rent, Interest on loan, Penalties if any legal charges and unrelated expenditure to be excluded , except interest paid on TEQUIP loan ) for 2015-16 (See Norm 2.2)
1832827 15274
4.2.1 a) Less income derived by using college property (See norm 2.14)
0
b) Hostel expenses, if any (See norm 2.2.2)
0
4.2.2 Total (4.1.3 + 4.2) - (4.2.1) 6512752 54273
4.2.3 20% of 4.2.2 for increase in cost for 2015-16 (See norm 1.5) 1302550 10855
4.3 Usage charge for building ( See norm 2.4.1) - Regular / First Shift
Rs. 3500 per student for total sanctioned intake
420000 3500
Usage charge for building ( See norm 2.4.1) - Second Shift
Rs. 1750 per student for total sanctioned intake
0
4.4 Depreciation on other assets at approved rates as on 31.03.2016 (See norm 2.4) - Regular / First Shift
61937 516
4.5 Total of (4.2.2 to 4.4)+ 4.11.1 8297239 69144
4.6 Sanctioned strength in the course run in Academic Year 2015-16 (No.) - Regular / First Shift
(This is to exclude the Tution Waiver Scheme (TWS) students)
120
Sanctioned strength in the course run in Academic Year 2015-16 (No.) - Second Shift
(This is to exclude the Tution Waiver Scheme (TWS) students)
0
4.7 Actual strength in the course run in Academic Year 2015-16 (No.) - Regular / First Shift 118
Actual strength in the course run in Academic Year 2015-16 (No.) - Second Shift 0
4.8 Controlling strength (No.)(Higher of 4.6 & 4.7) - Regular / First Shift 120
Controlling strength (No.)(Higher of 4.6 & 4.7) - Second Shift 0
4.9 Tuition Fee (4.5 / 4.8) 69144
4.10 Development fee (10% of 4.9) 6914
4.10.1 Total fee (4.9 + 4.10) 76058
4.10.2 Credit for accreditation
NAAC Grade - N
NBA Courses - 0%
0
(NAAC =0 + NBA =0)
4.10.3 Total Fee (4.10.1 to 4.10.2) 76058
4.11 Additional Expenditure of 6th pay commission if actually paid and not included in 4.1.1 (See norm 2.1.4)
4.11.1 - Total -
4.11.2 - per Student -

The amount in 4.11.2 is to be collected from all the students in the Institution. However for the students admitted in 2017-18 it is already included in their Tuition Fee (See 4.5)
Date

Place





Signature and Seal of person authorised in terms of section 2 (l) of the Act with Code No.
FOR OFFICE USE ONLY


Date

Disallowance:-
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2)
3)
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Prepared by:





Checked by (Chartered Accountant)