Chandigarh civic body earns Rs 12 crore from property tax in April

CHANDIGARH: The Chandigarh municipal corporation has earned Rs 12 crore in the first month of the rebate period for property tax payers of both commercial as well as residential properties.

The received amount is significant, especially during the ongoing period of Covid-19 pandemic. Since the two-month rebate period started from April 1 and will continue till May 31, the authority is expecting a good amount in these two months.

Out of total Rs 12.88 crore, which the municipal corporation of Chandigarh received from the property tax payers from April 1 till May 7, Rs 6.45 crore has been received in the category of commercial properties, while remaining Rs 6.43 crore have been paid by property tax payers of residential properties. Though, the authority has been receiving some queries related to the amount and the same are being sorted out as per the record of the properties.

“Unlike the previous years, the tax branch of the MC has been receiving good amount in terms of property tax via online mode too. Besides this, people have been paying money through e-sampark centres and bank also. The main focus is only on the tax amount from both commercial as well as residential properties,” said sources in the MC.

Since the civic body authority has decided to give the first two months of the currently started financial year i.e. April 1 till May 31) to public to avail this rebate facility, the rebate is 20% and 10% on the residential and commercial properties, respectively.

After the rebate period, the authority will impose a hefty penalty of 25% over the entire amount and 12% interest over it for those who failed to pay the tax money till the stipulated rebate period. The cash payment will be allowed by May 31 for rebate, but for cheque and DD (demand draft), resident will have to deposit these documents by May 26.