Tripura Land Revenue and Land Reforms Act,1960
Act No : 43
Section :
Compensation payable to intermediary.
146. Compensation payable to intermediary. (1) The compensation payable to an intermediary shall multiple of his net income from the estate or where the intermediary has shares or interests in two or more estates, of the aggregate of his net incomes from all such estates, in accordance with the following table, namely:- Amount of-net income Total compensation payable (a) Where the net income Fifteen times such net income. does not exceed Rs.1,000. (b) Where the net income Twelve times such net income exceeds Rs. 1,000 but does or the maximum amount not exceed Rs. 2,500. under (a) above, whichever is greater. 592 Amount of net income Total compensation payable (c) Where the net income Eleven times such net income or exceeds Rs. 2,500 but does the maximum amount under not exceed Rs. 5,000. (b) above, whichever is greater. (d) Where the net income Ten times such net income or exceeds Rs. 5,000 but does the maximum amount under not exceed Rs. 7,500. (c) above, whichever is greater. (e) Where the net income Nine times such net income or exceeds Rs. 7,500 but does the maximum amount under not exceed Rs. 10,000. (d) above, whichever is greater. (f) Where the net income Eight times such net income or exceeds Rs. 10,000 but does the maximum amount under not exceed Rs. 15,000. (e) above, whichever is greater. (g) Where the net income Seven times such net income or exceeds Rs. 15,000 but does the maximum 'amount under not exceed Rs. 30,000. (f) above, whichever is greater. (h) Where the net income Six times such net Income or exceeds Rs. 30,000 but does the maximum amount under not exceed Rs. 50,000, (g) above, whichever is greater. (i) Where the net income Five times such net income or exceeds Rs. 50,000 but does the maximum amount under not exceed Rs. 1,00,000. (h) above, whichever is greater. (j) Where the net income Three times such net income or exceeds Rs. 1,00,000 but does the maximum amount under not exceed Rs. 3,00,000, (i) above, whichever is greater. (k) Where the net income Two times such net income or exceeds Rs. 3,00,000. the maximum amount Under (j) above, whichever, is greater. (2) Where the net income or any portion of the net income from an estate is dedicated exclusively to charitable or religious purposes, the compensation payable in respect of such net income or portion shall, instead of being assessed under sub-section (1), be assessed as a perpetual annuity equal to such net income or portion, as the case may be, payable in the prescribed manner for those purposes. 593 Explanation.-For the purpose of this sub-section, if the salary, remuneration or any allowance payable to the Mutawalli of a wakf or the shebait of a Hindu temple or a trustee of any other charitable or religious trust does not exceed 15 per cent. of the net income, then such net income shall be deemed to be dedicated exclusively to charitable or religious purposes.
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