Amendment status not verified — confirm the current text below against the official source.
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] as follows :- (1) in the case of a proprietor or tenure-holder of a permanent or resumable tenure, the compensation payable shall be determined in accordance with the following table, namely :- Amount of net income. Rate of compensation payable. (a) Where the net income so computed does not exceed Rs.