Thursday, Aug 11, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Hyderabad | Ghmc To Cross Record Rs 1000 Crore In Property Tax

GHMC to cross record Rs 1,000 crore in property tax

By Nabinder Bommala
Published: Published Date - 11:56 PM, Wed - 3 August 22
GHMC to cross record Rs 1,000 crore in property tax
GHMC officials click pictures of shops to assess property tax, in Hyderabad.

Hyderabad: The property tax collection engines of the Greater Hyderabad Municipal Corporation are steaming ahead at a pace never seen before, with the last four months seeing the civic body collecting nearly Rs.1,000 crore.

By Wednesday evening, the tax collected stood at Rs.997.50 crore, with the revenue being generated from 9,64,105 assessments done from April 1 to August 3.

Officials said that by Wednesday night, the collection would cross the Rs.1,000 crore mark, which would be a record for the GHMC when collections across four months are considered.

Most of the property owners paid tax online this year. According to officials, out of the 9,64,105 assessments, a whopping 6,11,839 property owners had paid tax online while 1,02,639 paid through Mee Seva. Bill collectors took the tax from 1,45,179 while 1,04,448 persons paid by visiting the GHMC Citizen Service Centres.

The highest tax collection was from the Serilingampally circle (Rs.132.77 crore), followed by Jubilee Hills (Rs.105.12 crore) and Khairatabad (Rs.81.14 crore). A major portion of the property tax was collected in April i.e., Rs.741.35 crore when the Property Tax Early Bird Scheme was introduced offering a 5 per cent rebate on property tax.

Meanwhile, under the One-Time Scheme (OTS) introduced in mid-July and presently underway, Rs.16.09 crore was collected through 10,357 assessments and this revenue is part of the Rs.997.50 crore revenue generated since April.

Under the OTS, the State government is giving relief to those struggling with property tax arrears, by waving off 90 per cent of the interest on accumulated arrears of property tax. But the taxpayer will have to clear the principal amount of the tax dues till 2021-22, along with 10 per cent accumulated interest at one go.

The scheme will close on October 31 and bill collectors of the GHMC are approaching property owners who need to pay arrears.

“We are also sending them text messages and contacting them over phone,” a GHMC official said.

  • Follow Us :
  • Tags
  • GHMC
  • Property tax

Related News

  • GHMC transforms dump yard-like lane in Masab Tank into vibrant food vending zone

    GHMC transforms dump yard-like lane in Masab Tank into vibrant food vending zone

  • GHMC begins distribution of national flags in Hyderabad

    GHMC begins distribution of national flags in Hyderabad

  • Plans for cycle tracks in Hyderabad get rolling

    Plans for cycle tracks in Hyderabad get rolling

  • GHMC to organise slew of programmes to mark 75 years of Independence

    GHMC to organise slew of programmes to mark 75 years of Independence

  • “10 minutes at 10 am every Sunday” programme held in Hyderabad

    “10 minutes at 10 am every Sunday” programme held in Hyderabad

  • Rich tributes paid to Prof Jayashankar in Hyderabad

    Rich tributes paid to Prof Jayashankar in Hyderabad

Latest News

  • Inner workings of the nephron

    13 mins ago
  • Opinion: Bipolarity is back

    15 mins ago
  • Buzz in the tech sector

    17 mins ago
  • Protect your back before the exams

    18 mins ago
  • Editorial: Diluting federal spirit

    20 mins ago
  • Laal Singh Chaddha review: Aamir shines in this desi Forrest Gump

    41 mins ago
  • Other States want to emulate SHE Teams, CybHER concepts: ADGP Swati Lakra

    45 mins ago
  • NMC gives approval for Wanaparthy and Sangareddy medical colleges

    57 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam