Mohali MC exceeds revenue target, collects ₹165 crore in taxes
1 day, 5 hours ago

Mohali MC exceeds revenue target, collects ₹165 crore in taxes

Hindustan Times  

The Mohali municipal corporation has exceeded its revenue target of ₹160 crore for the financial year 2024-25, collecting approximately ₹165 crore. The Mohali municipal corporation has set a higher revenue target of ₹ 211.19 crore for 2025-26. The MC has also increased its property tax target to ₹55 crore after surpassing the current year’s ₹41 crore goal. To achieve its revenue target, the MC aims to generate ₹100 crore from Punjab municipal funds, ₹10 crore from electricity tax, ₹4.5 crore from excise duty, ₹1.5 crore from rent agreements, ₹27.5 crore from For 2025-26, the MC has allocated ₹129 crore for development works, aiming to enhance infrastructure and civic services while maintaining financial stability.

Tax Revenue Crore Target Mohali Mc Revenue Target  municipal  revenue  exceeds  165  set  taxes  crore  water  property  202526  target  mohali  mc  tax  collects

History of this topic

MCC Budget 2025-26: Revenue from property tax projected to be ₹252.60 crore
5 days, 21 hours ago

MCC Budget 2025-26: Revenue from property tax projected to be ₹252.60 crore

The Hindu  

The Mysuru City Corporation Budget for 2025-26 has projected a revenue of ₹252.60 crore from property tax collection, an essential source of revenue for the cash-strapped corporation. The Budget also anticipates ₹58.43 crore by way of a grant from the State Finance Commission and an additional ₹65.65 crore for the development of Krishnaraja, Narasimharaja, and Chamaraja Assembly segments coming under …

MC seals Mohali Golf Range over ₹13-lakh property tax dues
1 week, 1 day ago

MC seals Mohali Golf Range over ₹13-lakh property tax dues

Hindustan Times  

The local municipal corporation on Monday sealed the Mohali Golf Range for defaulting on payment of ₹13 lakh owed as property tax for four years. According to officials, Mohali Golf Range had not paid property tax for financial years 2020-21, 2021-22, 2022-23 and 2023-24. MC rakes in record ₹42 crore in property tax Nearing the end of financial year 2024-25, …

Delhi: MCD presents ₹17,000-crore budget for 2025-26
1 month, 1 week ago

Delhi: MCD presents ₹17,000-crore budget for 2025-26

Hindustan Times  

The Municipal Corporation of Delhi commissioner Ashwini Kumar on Thursday tabled budget proposals worth ₹17,006 crore for 2025-26, keeping property tax rates unchanged for the financial year 2025-26 despite what he described as a “serious financial crisis”. While property tax collections till January 31 have improved, surpassing last year’s figures by ₹215 crore as of January 31, the total remains …

MCC launches campaign to collect pending property tax
1 month, 1 week ago

MCC launches campaign to collect pending property tax

The Hindu  

Having collected 87.82 % property tax for 2024-25, Mangaluru City Corporation on Wednesday, February 12, launched a campaign appealing people to pay the tax due for the current financial year within the next one-and-half month. Speaking to press persons on the occasion Mr. Naik said that two such vehicles fitted with loudspeakers will ply all over the city covering 60 …

Mohali MC slaps notices on 14 showrooms over property tax dues
1 month, 3 weeks ago

Mohali MC slaps notices on 14 showrooms over property tax dues

Hindustan Times  

The local municipal corporation on Wednesday sent sealing notices to 14 long-time defaulters of commercial property tax in Mohali. Besides commercial property tax defaulters, the government departments also owe the civic body over ₹6 crore in long-pending property tax dues. So far, the MC has collected over ₹37 crores property tax for the financial year 2024-25 against the target of …

Mohali MC slaps notices on 14 showrooms over property tax dues
1 month, 3 weeks ago

Mohali MC slaps notices on 14 showrooms over property tax dues

Hindustan Times  

The local municipal corporation on Wednesday sent sealing notices to 14 long-time defaulters of commercial property tax in Mohali. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Besides commercial property tax defaulters, the government departments also owe the civic body over ₹6 crore in long-pending property tax dues. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} So far, the MC has collected over ₹37 crores property tax for …

UP collects ₹1.35 lakh crore tax revenue in 8 months
3 months, 3 weeks ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

letters@hindustantimes.com For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

Chandigarh MC looks to tighten purse strings amid cash crunch
3 months, 3 weeks ago

Chandigarh MC looks to tighten purse strings amid cash crunch

Hindustan Times  

For the past five years, the annual expenditure of the Chandigarh municipal corporation has increased manifold with only a marginal rise in generating revenue through own sources, the data shared by MC has revealed. Chandigarh MC looks to tighten purse strings amid cash crunch This comes days after Punjab governor and UT administrator Gulab Chand Kataria directed MC officials and …

Mohali MC’s finance panel clears work orders worth ₹25 crore
5 months, 2 weeks ago

Mohali MC’s finance panel clears work orders worth ₹25 crore

Hindustan Times  

The finance and contract committee of Mohali municipal corporation on Thursday passed work orders of ₹25.56 crore and also gave nod to new estimates worth ₹1.5 crore. A total of 105 development agendas were presented before finance and contract committee of Mohali municipal corporation during a meeting on Thursday. Mohali mayor Amarjit Singh Sidhu said ₹1.5 crore was approved to …

U.P. govt mops up over ₹98k cr tax revenue in six months
5 months, 2 weeks ago

U.P. govt mops up over ₹98k cr tax revenue in six months

Hindustan Times  

The Uttar Pradesh government has earned higher tax and non-tax revenue in the first six months of 2024-25 vis-a-vis the previous financial year, collecting tax revenue of ₹98,886.75 crore from April 1 to September 30, 2024. Other main tax revenue earners for the state government included excise with collections of ₹22,564.29 crore from this head. The state government’s non-tax revenue …

Coimbatore Corporation Budget for 2024-25 anticipates ₹118 crore deficit
1 year ago

Coimbatore Corporation Budget for 2024-25 anticipates ₹118 crore deficit

The Hindu  

The Coimbatore City Municipal Corporation has revealed its budget for the fiscal year 2024-25, anticipating a deficit of ₹118 crore, a staggering tenfold increase compared to the ₹10.71 crore projected deficit of the previous fiscal year. The projected revenue for the upcoming fiscal year stands at ₹3,182.21 crore, while the estimated expenditure is ₹3,300.43 crore, covering a total of 133 …

Mohali MC passes ₹176-crore budget with no new taxes
1 year ago

Mohali MC passes ₹176-crore budget with no new taxes

Hindustan Times  

The Mohali municipal corporation on Friday approved a budget of ₹176 crore for financial year 2024-25 while announcing no new tax or projects. In 2023-24, MC had approved a budget of ₹173 crore, but received only ₹140 crore from the Punjab local bodies department. Similarly, MC plans to spend ₹15 crore against ₹9 crore last year on solid waste management …

₹8 crore left in coffers, Mohali MC facing major financial crunch
1 year, 5 months ago

₹8 crore left in coffers, Mohali MC facing major financial crunch

Hindustan Times  

Half way into the current financial year, the Mohali municipal corporation has exhausted majority of its funds, leaving it with just ₹8 crore for the remaining two quarters. Mohali deputy mayor Kuljit Singh Bedi said several government buildings had also been defaulting on property tax payment, further compounding MC’s fund crunch. Why is MC in the red Claiming that Mohali …

Mohali MC collected highest property tax in Punjab during 2022-23 fiscal
1 year, 11 months ago

Mohali MC collected highest property tax in Punjab during 2022-23 fiscal

Hindustan Times  

The city municipal corporation bagged the top spot in state for a record collection of property tax for the 2022-23 fiscal. The budget allocated for 2022-23 fiscal as approved by the Punjab government for Mohali MC was ₹ 22 crore. The civic body collected ₹33.36 crore during the 2022-23 fiscal, followed by Patiala MC that had a collection of ₹19.34 …

Ambala MC passes ₹156-crore budget passed
1 year, 11 months ago

Ambala MC passes ₹156-crore budget passed

Hindustan Times  

Amid allegations of corruption and disruptions by House members, the Ambala municipal corporation passed the proposed budget for financial year 2023-24 during its House meeting held at Panchayat Bhawan on Monday. The meeting, chaired by Ambala mayor Shakti Rani Sharma, was attended by MC commissioner Prashant Panwar, officials and members of the House. The meeting, chaired by mayor Shakti Rani …

Penalty-happy GMADA tops list of property tax defaulters in Mohali
3 years, 3 months ago

Penalty-happy GMADA tops list of property tax defaulters in Mohali

Hindustan Times  

The Greater Mohali Area Development Authority, that levies heavy penal interest on people unable to pay dues, is unabashedly the biggest property tax defaulter among government agencies in Mohali. Ever since property tax was introduced in Mohali in 2014-15, GMADA has not paid any dues, which have piled up to a whopping ₹ 6 crore. GMADA owes the property tax …

Govt. borrows 58% of target despite 74% more direct tax collections
3 years, 6 months ago

Govt. borrows 58% of target despite 74% more direct tax collections

The Hindu  

In spite of the Centre collecting a whopping 74% more direct taxes so far this fiscal on an annualised basis at ₹ 5.70 lakh crore, it has also borrowed a massive 58 % of the budgeted amount during the same period by selling ₹ 7.02 lakh crore worth of debt securities in the market. While at the weekly auction of …

Property tax: MC slaps ₹7.5 crore dues notice on Panjab University
3 years, 11 months ago

Property tax: MC slaps ₹7.5 crore dues notice on Panjab University

Hindustan Times  

The Chandigarh municipal corporation has served a ₹7.5 crore notice on Panjab University for non-payment of outstanding property tax dues. Earlier, the MC had served a ₹13.61 crore property tax notice. “However, after fresh communication with the PU officials, it was decided to exclude some of the properties which were earlier considered part of the university in calculating property tax,” …

Lockdown hits Mohali MC, left with funds to pay just 3-month salaries
4 years, 10 months ago

Lockdown hits Mohali MC, left with funds to pay just 3-month salaries

Hindustan Times  

As Mohali’s municipal commissioner Kamal Kumar Garg took charge as its administrator on Monday, he faces a herculean task. With Mohali MC’s five-year term getting over on April 26, powers will be vested with new MC commissioner Kamal Kumar Garg from Monday. Even in December last year, after failing to spend ₹9 crore allocated under various heads, Mohali MC re-appropriated …

MC passes budget of ₹137 crore, will bank on govt for development
5 years ago

MC passes budget of ₹137 crore, will bank on govt for development

Hindustan Times  

The municipal corporation of Patiala has passed its annual budget of ₹137.45 crore without holding much discussion over increasing income generation resources. In the ongoing year, the MC has spent ₹89 crore received from the state government for development purposes,” he said. Bittu added that in the coming year’s budget, they have earmarked development funds of ₹51.45 crore from MC’s …

Govt mops up ₹6.12 lakh crore indirect taxes in April-November
6 years, 2 months ago

Govt mops up ₹6.12 lakh crore indirect taxes in April-November

Live Mint  

New Delhi: The government is targeting to mop up ₹ 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and compensation cess in 2018-19, Parliament was informed Friday. During April-November of the ongoing fiscal, the total net indirect tax collection is ₹ 6,12,653.47 crore, Minister of State for Finance Shiv Pratap Shukla said in a …

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