Any person found guilty of false testimony in a civil case shall suffer the penalty of prisión correccional in its minimum period and a fine not to exceed One million two hundred thousand pesos (₱1,200,000), if the amount in controversy shall exceed One million pesos (₱1,000,000), and the penalty of arresto mayor in its maximum period to prisión correccional in its minimum period and a fine not to exceed Two hundred thousand pesos (₱200,000), if the amount in controversy shall not exceed said amount or cannot be estimated.