Amount payable

(1) Save as provided in section 106 every land-owner, landlord and all other persons interested in the land shall, for the extinguishment of their rights in the lands vesting in the State Government under sub-section (6) of section 15 or section 20 or section 44, be entitled to an amount determined with reference to the net annual income derivable from the land or all the lands, as the case may be, in accordance with the following scale, namely:— (i) for the first sum of rupees five thousand or any portion thereof of the net annual income from the land, fifteen times such sum or portion; (ii) for the next sum of rupees five thousand or any portion thereof of the net annual income from the land, twelve times such sum or portion; (iii) for the balance of the net annual income from the land, ten times such balance:

Provided that,— (i) if the tenant in respect of the land is a permanent tenant, the amount payable shall be six-times the difference between the rent and the land revenue payable for such land; (ii) if the tenant holds land from intermediaries the amount shall be paid to the land-owner and the intermediaries in the same proportion in which the rent paid for the land by the tenant was being appropriated by them immediately before the date of vesting; (iii) if the land vesting in the State Government is D class land referred to in Part A of Schedule I or if the landlord is,— (1) a small holder; (2) a minor; (3) a widow; (4) a woman who has never been married; (5) a person who is subject to such physical or mental disability as may be prescribed; or (6) such soldier or seamen whose lands vest in the State Government under section 44, an amount equal to twenty times the net annual income from such land shall be payable.

(2) For the purpose of sub-section (1), the net annual income from the land shall be deemed to be the amount payable as annual rent in respect of the land as specified in section 8. But where in a land assessed as wet land or dry land the landlord has raised fruit bearing trees, the annual income for purpose of sub-section (1) shall, subject to such rules as may be prescribed, be determined on the basis of assessment for garden land which could have been levied having regard to the nature of the fruit bearing trees.

(3) Where there are wells or other structures of a permanent nature on the land constructed by the landlord the value thereof calculated in the prescribed manner shall also be payable.

(4) Notwithstanding anything in sub-sections (1) and (3), the aggregate amount payable according to the said sub-sections shall not exceed rupees two lakhs.