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The punishment for the offence of criminal conspiracy is dealt with under Section 120B of IPC. Section 120B is divided into two parts,
i) The first part states the offence committed which is punishable by death, life imprisonment or imprisonment for a term of two years or more, if no punishment had been mentioned in the code for the offence then such person will be considered the same way the person has aided or abetted the crime.
ii) The second part states that if a person was a party in the conspiracy, he shall be punished with imprisonment for a term of six months, fine or both. If the conspiracy which was planned fails then the person will be liable for fine.
If we see the above mentioned provision Section 120B, it has been classified on the basis of nature, gravity and punishment of the said offences.