October 4, 2023: The Kolkata Municipal Corporation (KMC) is planning to introduce a new waiver scheme to encourage citizens to pay their tax dues and avail of certain incentives, according to media reports. The municipal authority has proposed an exemption on interest and penalty to taxpayers who clear the entire dues within the specified period.
According to the proposal, property tax defaulters who pay their entire dues within two years will be eligible for a 50% interest waiver and a 99% penalty waiver on the due amount. However, if the default period is two years or more and less than five years, the defaulter will be eligible to avail of a 45% interest waiver and 75% penalty waiver. A taxpayer who clears the dues after five years will be eligible to get a 35% interest waiver.
According to the practice followed for years, a property owner can get a 99% waiver of the penalty if they pay the total outstanding dues and the accrued interest in one go.
The new rules are aimed to reduce the effort to collect taxes and help boost the revenue of the authority. Further, it will help property owners to clear their outstanding tax dues immediately.
How to pay KMC property tax 2023?
The KMC property tax can be paid online through the official portal of the authority https://www.kmcgov.in/KMCPortal/jsp/AssesseeInformationSearch.jsp. Taxpayers can pay their property tax dues through their assessee number and registered mobile number.
See also: KMC property tax bill for 2023-24: A guide to paying taxes
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
Related Posts
Kolkata Municipal Corporation Property Tax 2024: A guide to paying taxes.
Kolkata city to lower its carbon footprint.
Kolkata may get new law to solve building collapse problem.
KMC to hike property tax for those who haven’t submitted Self Assessment Forms.
Impact of demonetisation on land prices.
Buying and selling property in times of Coronavirus.
