H1B extension and process to follow beyond 240 days

[sriashwinonly]

Case Background:

 

My H1B visa end date as per I94 was May 31^st 2015 and USCIS accepted the extension request on May 14^th 2015 and issued receipt, WAC15161XXXXX.

 

As the 240 days of legal stay from the I94 expiration date is Jan 26^th 2016, I have placed an request to process my application in Premium and USCIS considered to process the application in premium on Jan 14^th 2016.

Current status of my application with USCIS is “ My Case Was Received and A Receipt Notice Was Emailed “.

 

Questions:

 

As the application currently getting processed in premium and pending with USCIS,

 

a)      Is it allowed to work and stay in US beyond 240 days, which is completing on Jan 26^th 2016? If Yes, will it be Out of Status and will that affect my future travels to US ?

 

b)      If I have to return back to base location, INDIA. What are the process to follow?

 

c)      Once the application is processed and approved, can I come back to the same account, location as the Project and bill ability are still valid?

 

d)      Is there any other processes to be followed ?

 

I am worried. Could you please help me ?