The Arbitration and Conciliation Act, 1996
1[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.]
Reference
1. Inserted by the Arbitration and Conciliation (Amendment) Act, 2015 (w.e.f 23.10.2015).
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