As deadline nears, 50,000 Ludhiana residents yet to pay property tax
With less than a week left for the deadline to pay property tax for 2015-16 without penalty, more than 50,000 city residents are yet to pay their taxes.punjab Updated: Mar 26, 2016 11:14 IST
With less than a week left for the deadline to pay property tax for 2015-16 without penalty, more than 50,000 city residents are yet to pay their taxes.
The defaulters, who fail to pay tax till March 31, will be slapped a penalty of 20% on the tax applicable in addition to 18% interest.
Meanwhile, the municipal corporation (MC) has generated more income than it expected from the budget for the same year from property tax.
In the budget proposed for year 2015-16, the MC had expecting to generate an income of Rs 60 crore from the property and house tax. But, the civic body has generated more than Rs 63 crore as property and house tax already.
The collected property tax is Rs 60.33 crore, while Rs 3.16 crore has been collected as house tax.
A total of 1.24 lakh property owners have already paid their property tax, while the civic body is expecting to collect property tax from 1.77 lakh people.
Out of 1.24 lakh people who have paid property tax for 2015-16, more than 40,000 people paid property tax online through the MC’s official websitemcludhiana.gov.in.
By providing some relief, the state government had recently waived the 10% penalty to encourage property owners to pay their property tax without any penalty by March 31. The government had also reduced the rate of property tax for hotels but the sources claimed many hotel owners have not submitted the property tax.
During the previous financial period of 2014-15, the MC had generated only Rs 38 crore as property tax.
MC superintendent Vivek Verma said, “The MC offices will remain open for collection of property and house tax on Saturday. The MC has generated more property tax than it had expected in the proposed budget.”
A city resident, Sanjay Shar ma said, “We pay the property tax timely, but we wanted the MC to spend this tax amount for development of the areas. The residents should be provided well-constructed roads, safe drinking water and developed parks.”
MC commissioner GK Singh Dhaliwal said, “According to the budget for 2015-16, the civic body has generated more property tax than expected. Now, we are expecting to collect ` 10 crore more till March 31. In budget of 2016-17, we will propose to collect ` 80 crore property tax.”