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 Commercial Office Market Surges to New Heights, Paving the Way for 2025
The Indian commercial office market is set to achieve a record high of 65-70 million square feet in 2025, driven by significant growth in major cities like Bengaluru and Hyderabad. The market is undergoing a major transformation with a shift towards occup
Japan's Commercial Real Estate Market Sees Mixed Q2 2024 Results
Commercial real estate transaction volume decreased by 25% year-over-year, but hotel transactions and office acquisitions saw significant increases
IRB Infra: Why Market Analyst Avinash Gorakshakar is Bullish on the Stock
Get expert insights on IRB Infra's potential and why Avinash Gorakshakar is optimistic about its future performance
MahaRERA Fixes 2-Year Tenure for Real Estate SRO Appointees
Mumbai: In a recent decision, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has set a two-year tenure for appointees of various Self-Regulatory Organisations (SROs) from the real estate industry. This move aims to bring more accountability a
Cyril Amarchand Mangaldas Advises Blackstone on Strategic Real Estate Investment
Cyril Amarchand Mangaldas, one of India's leading law firms, has advised Blackstone on its acquisition of a minority stake in certain real estate assets. This strategic move highlights the firm's expertise in complex transactions within the real estate se
JD(S) Protests Greater Bengaluru Governance Bill, Alleging Real Estate Beneficiary Bias
The Karnataka Janata Dal (Secular) staged a protest against the Greater Bengaluru Governance Bill, accusing it of favoring real estate developers. The bill, which aims to streamline governance in Bangalore, has sparked controversy and opposition from vari