The Fourth Schedule – Arbitration and Conciliation Act 1996

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Arbitration and Conciliation Act, 1996

The Fourth Schedule*

[See section 11(14)]

 

Sum in Dispute Model Fees
Upto Rs. 5,00,000 Rs. 45,000
Above Rs. 5,00,000  and upto Rs. 20,00,000 Rs. 45,000 plus 3.5 percent of the claim amount over and above  Rs. 5,00,000
Above Rs. 20,00,000  and upto Rs.1,00,00,000 Rs. 97,500 plus 3 percent of the claim amount over and above Rs. 20,00,000
Above Rs. 1,00,00,000  and upto Rs.10,00,00,000 Rs. 3,37,500 plus 1 percent of the claim amount over and above Rs. 1,00,00,000
Above Rs. 10,00,00,000  and upto Rs.20,00,00,000 Rs. 12,37,500 plus .75 percent of the claim amount over and above Rs. 1,00,00,000
Above Rs. 20,00,00,000  Rs. 19,87,500 plus .5 percent of the claim amount over and above Rs. 20,00,00,000 with a ceiling of Rs. 30,00,000

Note:—In the event, the arbitral tribunal is a sole arbitrator, he shall be entitled to an additional amount of twenty-five per cent. on the fee payable as per the table set out above.


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Amendments:

*Inserted by the Arbitration and Conciliation (Amendment) Act, 2015 (w.e.f 23.10.2015).

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