BMC to give cash prize to parents of toppers | india | Hindustan Times
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BMC to give cash prize to parents of toppers

The Brihanmumbai Muni-cipal Corporation (BMC) will offer you a cash prize of Rs 10,000 if your child has scored over 90 per cent marks in the SSC, HSC, ICSE or CBSE exam, provided you’ve paid your property tax.

india Updated: Jun 30, 2009 01:01 IST
HT Political Bureau

Surely, honesty pays. More so, if your child has fared very well in the Board exams.

The Brihanmumbai Muni-cipal Corporation (BMC) will offer you a cash prize of Rs 10,000 if your child has scored over 90 per cent marks in the SSC, HSC, ICSE or CBSE exam, provided you’ve paid your property tax.

The incentive scheme aims to encourage citizens to pay property tax in time.

To be eligible to apply, an individual ought to have paid his property tax up to March 31, 2008 in time. If he stays in a cooperative society, the society should have paid the entire tax amount in time.

The scheme will be applicable only for the first or second child.

Although the scheme had been announced in December 2008, it was not implemented.

This year, the civic body has planned to implement it with retrospective effect.

The proposal will be tabled before the civic Standing committee on Wednesday for ap-proval. According to the proposal, taxpayers will have to apply to the BMC’s Assessment and Collection Department.

A tax clearance certificate of the housing society, copies of the ration card and child’s marksheet are required.

A clearance letter from the society would be required stating that property tax has been paid to the society. However, if one has paid the tax to the society, but the society on its part has failed to make the payment to the BMC, the individual will not qualify for the prize.

There are 3,32,878 properties registered in Greater Mumbai. There are about 10,000-odd students who scored over 90 per cent marks in SSC and HSC exams in March 2008 alone.

So, this could cost the civic corporation at least Rs 10 crore.