Time for paying property tax extended

By Our Staff Reporter

BANGALORE, MAY 31. The Bangalore Mahanagara Palike (BMP) has extended the deadline to pay property tax through the Self- Assessment Scheme till June 8. The scheme was re-introduced for two months from April 1 this year.

Considering the good response from property owners, a decision to extend the scheme for another eight days was taken on Wednesday night.

The Mahanagara Palike has recorded the highest collection under the scheme as on May 30 with Rs.10 crores. Hence, the Mahanagara Palike has given one more chance to the property owners to pay their taxes without late fee till June 8.

The Mahanagara Palike, which has a target of mobilising over Rs.200 crores property tax this year, has collected Rs.62 crores in the last two months (from April 1 to May 30). It expects to net another Rs.15 crores by June 8.

The property tax collection in both Phase I and Phase II last year was around Rs.131 crores as against the target of Rs.175 crores.

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