On last day, PMC gets ₹1,278.96 crore property tax revenue

Pune Municipal Corporation (PMC) received ?1,278.96 crore in property tax revenue by the extended deadline. Last year, the revenue on the last day was ?1,145.32 crore. The PMC is expecting to surpass the revenue of ?2,566.67 crore received in 2022-23. The delay was due to a technical error and the revised tax structure.

Till Wednesday evening, the last day for property tax exemption, the Pune Municipal Corporation (PMC) received ₹1,278.96 crore revenue. The civic body had extended the deadline to August 2 as there was a technical error on July 31.

The civic body had received ₹2,566.67 crore revenue in 2022-23. This year, the PMC is expecting to surpass that. (Wikimedia Commons)

PMC property tax department head Ajit Deshmukh said, “PMC received ₹1,278.96 crore till Wednesday evening. Last year on the last day, PMC received ₹1,145.32 crore revenue. The civic body had received ₹2,566.67 crore revenue in 2022-23. This year, the PMC is expecting to surpass that.”

Due to the revised tax structure, the civic body was unable to issue the bills in April as the decision about keeping a 40 per cent discount in property tax was taken in May 2023 which delayed the process.