Compensation recoverable in twelve instalments

(1) The landholder shall be liable to pay to the Government the compensation due from him under section 19 in twelve equal half-yearly instalments, the first instalment commencing from such date as the Government may specify by notification in the Gazette. (2) If any instalment of the compensation payable under sub-section (1) is not paid on the due date, the amount of such instalment shall bear interest at the rate of five per centum per annum from that date till the date of payment of that instalment. (3) Nothing contained in sub-section (1) shall be deemed to preclude a landholder from paying at any time a larger sum than the amount of an instalment or from paying two or more instalments together or from paying the whole amount due in one instalment. (4) If any sum in excess of the amount of any instalment is paid by the landholder, it shall be credited towards the succeeding instalment or instalments. (5) Where a landholder pays the entire amount due in a lump sum on the date on which the first instalment is payable, he shall be allowed a rebate of twenty-five percentum of the amount so paid.