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[Section 24]
[Entire Act]
State of Bihar - Subsection
Section 24(1) in The Bihar Land Reforms Act, 1950
| Amount of net income. | Rate of compensation payable. | ||
| (a) | Where the net income so computed does not exceed Rs. 500. | Twenty times such net income | |
| (b) | Where the net income so computed exceeds Rs. 500 but does notexceed Rs. 1,250. | Nineteen times such net income but in any case not less thanthe maximum amount under item (a) above. | |
| (c) | Where the net income so computed exceeds Rs. 1,250 but doesnot exceed Rs. 2,000. | Eighteen times such net income but in any case not less thanthe maximum amount under item (b) above. | |
| (d) | Where the net income so computed Rs. 2,000 but does not exceedRs. 2,750 | Seventeen times such net income but in any case not less thanthe maximum amount under item (c) above. | |
| (e) | Where the net income so computed exceeds Rs. 2,750 but doesnot exceed Rs. 3,500. | Sixteen times such net income but in any case not less thanmaximum amount under item (d) above. | |
| (f) | where the net income so computed exceeds Rs. 3,500 but doesnot exceed Rs. 4,250. | Fifteen times such net income but in any case not less thanthe maximum amount under item (e) above. | |
| (g) | where the net income so computed exceeds Rs. 4,250 but doesnot exceed Rs. 5,000. | Fourteen times such net income but in any case not less thanthe maximum amount under item (f) above. | |
| (h) | where the net income so computed exceeds Rs. 5000 but does notexceeds Rs. 10,000 | Ten times such net income but in any case not less than themaximum amount under item (h) above. | |
| (i) | where the net income so computed exceeds Rs. 10,000 but doesnot exceed Rs. 20,000. | Eight times such net income but in any case not less than themaximum amount under item (i) above. | |
| (j) | where the net income so computed exceeds Rs. 20,000 but doesnot exceed Rs. 50,000. | Six times such net income but in any case not less than themaximum amount under item (i) above. | |
| (k) | where the net income so computed exceed Rs. 50,000 but doesnot exceed Rs. 1,00,000. | Four times such net income but in any case not less than themaximum amount under item (j) above. | |
| (l) | Where the net income so computed exceeds Rs. 1,00,000. | Three times such net income but in any case not less than themaximum amount under item (k) above. |