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[Cites 0, Cited by 0] [Section 13] [Entire Act]

State of Assam - Subsection

Section 13(1) in Assam State Acquisition of Zamindaries Act, 1951

(1)After the net income has been computed under section 12, the Compensation Officer shall, for the purpose of preparing the compensation statement, determine the amount of compensation payable in respect of each estate or tenure according to the following table :-
Amount of NetIncome. Total Compensation Payable.
(a) Where the net income does not exceed Rs.1,000. Fifteen times such net income.
(b) Where the net income exceeds Rs. 1,000 butdoes not exceed Rs. 2,500. Twelve times such net income or the maximum amount under (a)above, whichever is greater.
(c) Where the net income exceeds Rs. 2,500 butdoes not exceed Rs. 5,000. Eleven times such net income or the maximum amount under (b)above, whichever is greater.
(d) Where the net income exceeds Rs. 5,000 butdoes not exceed Rs. 7,500. Ten times such net income or the maximum amount under (c) above,whichever is greater.
(e) Where the net income exceeds Rs. 7,500 butdoes not exceed Rs. 10,000. Nine such net income or the maximum amount under (d) above,whichever is greater.
(f) Where the net income exceeds Rs. 10,000 butdoes not exceed Rs. 15,000. Eight times such net income or the maximum amount under (e)above, whichever is greater.
(g) Where the net income exceeds Rs. 15,000 butdoes not exceed Rs. 30,000. Seven times such net income or the maximum amount under (f)above, whichever is greater.
(h) Where the net income exceeds Rs. 30,000 butdoes not exceed Rs. 50,000. Six times such net income or the maximum amount under (g) above,whichever is greater.
(i) Where the net income exceeds Rs. 50,000 butdoes not exceeds Rs. 1,00,000. Five times such net income or the maximum amount under (h)above, whichever is greater.
(j) Where the net income exceeds Rs. 1,00,000but does not exceed Rs. 3,00,000. Four times net income or the maximum amount under (i) above,whichever is greater but subject in any case to a maximum of tenlakhs.
(k) Where the net income exceeds Rs. 3,00,000. Three times such net income or the maximum amount under (j)above, whichever is greater but subject in any case to a maximumof ten lakhs.