Pune Residents Rush to Pay Property Taxes as Deadline Approaches
Pune Municipal Corporation extends property tax payment deadline by 15 days
Property TaxPune Municipal CorporationPmcTaxationDiscountReal Estate PuneMay 30, 2024
As of May 30, the PMC has collected a total of Rs 973 crores in property taxes, with 5.65 lakh citizens having made their payments. The corporation has issued a total of 14.15 lakh bills, and is expecting to exceed Rs 1300 crore in collections post-discount.
To facilitate payments, the Citizens Facilitation Centers (CFC) of the PMC will be open from 9 AM to 9 PM until May 31st, and will remain open on weekends and holidays. The corporation has also appealed to citizens to make online payments.
The PMC offers a 10% discount to citizens with property tax bills under Rs 25,000, and a 5% discount for bills over Rs 25,000. This early-year discount is provided to maximize revenue, and has been successful in encouraging citizens to pay their taxes promptly.
With the extended deadline, Pune residents are urged to take advantage of the discount and make their payments as soon as possible.
The Pune Municipal Corporation (PMC) is the governing body responsible for the development and management of Pune city. The corporation provides various services to citizens, including property tax collection, waste management, and infrastructure development.
Pune Municipal Corporation (PMC) is a local governing body established under the Bombay Provincial Municipal Corps Act, 1949. The corporation is headed by a Municipal Commissioner and has a total of 79 offices across the city. PMC is responsible for providing various services to citizens, including property tax collection, waste management, and infrastructure development.
Frequently Asked Questions
What is the extended deadline for property tax payment in Pune?
The extended deadline for property tax payment in Pune is June 15
How much discount is offered by the PMC for property tax payments?
The PMC offers a 10% discount for property tax bills under Rs 25 000 and a 5% discount for bills over Rs 25 000
How many property tax bills have been issued by the PMC?
The PMC has issued a total of 14 15 lakh property tax bills
How much has the PMC collected in property taxes so far?
The PMC has collected a total of Rs 973 crores in property taxes so far
Where can citizens make their property tax payments?
Citizens can make their property tax payments at the Citizens Facilitation Centers (CFC) of the PMC which will be open from 9 AM to 9 PM until May 31st and will remain open on weekends and holidays
Related News Articles
Indian Real Estate Sees Resurgence in Private Equity Investments
Private equity investments in Indian real estate surged 15% YoY to USD 3 billion in H1 2024, driven by growth in warehousing and residential sectors.
Government Offers Flexibility to Taxpayers on Capital Gains Tax for Real Estate Transactions
In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.
Small Cities, Big Opportunities: How Tier-2 and Tier-3 Cities are Revolutionizing the Real Estate Market
Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.
Pre-Budget Expectations for the Real Estate Sector in Maharashtra
MahaRERA appoints NAREDCO Maharashtra as the first self-regulatory organization. The Maharashtra Real Estate Regulatory Authority makes a significant step towards ensuring transparency and accountability in the real estate sector.
Barbara Corcoran to Headline Kinexions 2025: A Premier Supply Chain Conference
Real estate mogul and entrepreneur Barbara Corcoran will take center stage at the premier supply chain conference of the year in Ottawa, Ontario, Canada.
Housing Sales Surge in India's Top 15 Tier-II Cities by 20% in Value
Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.