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5% discount for early tax payers in GHMC property tax
The early bird tax rebate scheme is being implemented in the city from the current financial year. If people pay their total tax along with arrears, before April 30, then a five per cent discount will be given on property tax. However, the rebate will be given only on the current year tax and not on the arrears.
Hyderabad: The early bird tax rebate scheme is being implemented in the city from the current financial year. If people pay their total tax along with arrears, before April 30, then a five per cent discount will be given on property tax. However, the rebate will be given only on the current year tax and not on the arrears.
Describing it as an “early birds tax rebate scheme,” GHMC commissioner B Janardhan Reddy said that people should not wait for the tax notice to be served, but pay in advance. Tax discount of five per cent will not be given if the tax is paid for half year or in instalments or if paid after April 30.
The GHMC hopes to raise Rs 250 crore through the early bird scheme. It may be mentioned here that over the last two years, the GHMC had been announcing the early bird scheme, but the discount was not given to the tax payers as the government had not issued the relevant orders for its implementation. This time, however, the GHMC Act has been amended and even a GO has been issued.
