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State of Bihar - Section
Section 24 in The Bihar Land Reforms Act, 1950
24. Rates of compensation.
- After the net income has been computed under Section 23 the Compensation Officer shall for the purpose of preparing the Compensation Assessment roll proceed to determine the amount of compensation to be payable in respect of the transference to the State of the interests of each [intermediary] [Substituted by Act 20 of 1954.] as follows :-| 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. |