The Fourth Schedule1
[See section 11(14)] · page 47 of the Act
| Sum in dispute | Model fee |
|---|---|
| Up to Rs. 5,00,000 | Rs. 45,000 |
| Above Rs. 5,00,000 and up to Rs. 20,00,000 | Rs. 45,000 plus 3.5 per cent. of the claim amount over and above Rs. 5,00,000 |
| Above Rs. 20,00,000 and up to Rs. 1,00,00,000 | Rs. 97,500 plus 3 per cent. of the claim amount over and above Rs. 20,00,000 |
| Above Rs. 1,00,00,000 and up to Rs. 10,00,00,000 | Rs. 3,37,500 plus 1 per cent. of the claim amount over and above Rs. 1,00,00,000 |
| Above Rs. 10,00,00,000 and up to Rs. 20,00,00,000 | Rs. 12,37,500 plus 0.75 per cent. of the claim amount over and above Rs. 1,00,00,000 |
| Above Rs. 20,00,00,000 | Rs. 19,87,500 plus 0.5 per cent. 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.
1 Ins. by Act 3 of 2016, s. 25 (w.e.f. 23-10-2015).