Property tax collection in Greater Chennai Corporation fell to ₹47 crore in the past 7 weeks
11 months ago

Property tax collection in Greater Chennai Corporation fell to ₹47 crore in the past 7 weeks

The Hindu  

The number of property tax receipts generated by the Greater Chennai Corporation had reduced by around 60% in the past seven weeks when compared with the same period last year. The tax collection has also fallen to ₹47 crore, from ₹143 crore in the same period last year. Kodambakkam, Ambattur, Teynampet, Adyar, Perungudi, and Anna Nagar were some of the zones that registered a significant number of property tax receipts during this period. Pointing to the need for one tax collector for every 3,000 bills, the officials said the city needed more than 450 tax collectors for improving tax collection.

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History of this topic

Net direct tax collection crosses Rs 15.82 lakh crore mark, registers 16.45 per cent growth
6 days, 20 hours ago

Net direct tax collection crosses Rs 15.82 lakh crore mark, registers 16.45 per cent growth

India TV News  

The government has reported a significant rise in net direct tax collections, which have surged by 16.45 per cent to exceed Rs 15.82 lakh crore in the ongoing fiscal year. Advance tax collection during the period rose 21 per cent to Rs 7.56 lakh crore. The collection includes corporate tax of over Rs 7.42 lakh crore and non-corporate tax mop-up …

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report
2 months, 3 weeks ago

Decline in Mumbai’s revenue post-octroi worrisome, finds Praja report

Hindustan Times  

Mumbai: There is a worrying decline in tax revenues in civic coffers following the abolition of octroi in Maharashtra, according to a new report released on Thursday by Praja Foundation. Mumbai fares better than other cities because the Brihanmumbai Municipal Corporation has a legacy of competent tax and charge collection. Any future mandate would come only through recommendations from the …

Greater Chennai Corporation prepares for tax reforms as govt. starts talks with economists
5 months, 1 week ago

Greater Chennai Corporation prepares for tax reforms as govt. starts talks with economists

The Hindu  

As the Tamil Nadu government has started discussions with world-class economists to explore the feasibility of property tax reforms, the Greater Chennai Corporation is expected to focus on rationalisation of tax rates and on increasing reassessment and its own sources of revenue to fund infrastructure development. Corporation Additional Commissioner R. Lalitha says the civic body is set to touch ₹2,000 …

Chandigarh MC records highest-ever property tax collection
6 months, 2 weeks ago

Chandigarh MC records highest-ever property tax collection

Hindustan Times  

The Chandigarh municipal corporation has collected its highest-ever annual property tax, in the fiscal year 2024-25, with the total amounting to ₹52.24 crore, a 21% increase was seen against previous year’s collection of ₹43.21 crore. The record-breaking property tax collection will enable the MC to further strengthen the city’s infrastructure. The increased tax collection can be attributed to several strategic …

MCD logs dip in property tax collection, taxpayers in FY24
8 months, 3 weeks ago

MCD logs dip in property tax collection, taxpayers in FY24

Hindustan Times  

The Municipal Corporation of Delhi has registered a dip in property tax revenue collection as well as the number of taxpayers in 2023-24 even as the other sectors, including parking, The property tax department tentatively collected around ₹2,137 crore till March 31 with 1,258,000 tax payers filing returns, according to one of the officials cited above. “Last year, MCD offered …

Chennai Corporation to review under-assessed commercial buildings for property tax boost to generate revenue
10 months, 1 week ago

Chennai Corporation to review under-assessed commercial buildings for property tax boost to generate revenue

The Hindu  

The Greater Chennai Corporation may reconsider reviewing under-assessed commercial buildings for property tax payments in Chennai to fill its coffers. The committee plans to suggest stringent property tax collection from defaulters in the commercial sector to increase revenue,” said Sarbajaya Das, chairperson, Standing Committee, GCC. “Now however, all commercial buildings will be assessed in all zones by revenue officials of …

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government
11 months, 3 weeks ago

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government

The Hindu  

Personal income and corporate tax collections are likely to rise to more than ₹19 lakh crore in 10 years of Prime Minister Narendra Modi-led Government, providing more leeway to come out with people-friendly tax measures. Driven by the increasing income of individuals, net direct tax collections after adjusting for refunds increased from ₹6.38 lakh crore in FY 2013-14 to ₹16.61 …

Revenue collections of Registration, Commercial Taxes Departments post about 35% rise in seven months
2 years, 1 month ago

Revenue collections of Registration, Commercial Taxes Departments post about 35% rise in seven months

The Hindu  

Revenue collections by the Registration and Commercial Taxes Departments, accounting for around one half of Tamil Nadu’s overall revenue receipts, have registered about 35% increase in the current financial year over the corresponding period of 2021-22. Provisional official data available as on October 31 reveal that the collections of the Registration Department, indicating the level of activity in the real …

Direct tax collection exceeds FY-21 estimate by 4.42% at ₹9.45 lakh crore
3 years, 8 months ago

Direct tax collection exceeds FY-21 estimate by 4.42% at ₹9.45 lakh crore

Hindustan Times  

Rajeev Jayaswal The net direct tax collections of ₹ 9.45 lakh crore include corporation tax at ₹ 4.57 lakh crore and ₹ 4.88 lakh crore personal income tax. [email protected] New DelhiThe Union government’s net direct tax collections for the year 2020-21 surpassed the revised estimate by 4.42% at ₹9.45 lakh crore, the finance ministry said on Friday, disclosing figures that …

PMC begins auctioning 40 properties of property tax defaulters
3 years, 9 months ago

PMC begins auctioning 40 properties of property tax defaulters

Hindustan Times  

Despite the introduction of the amnesty scheme, some property tax defaulters in the city are not paying up taxes owed to the Pune Municipal Corporation and therefore in a first, the PMC has initiated the auction process on a total of 40 properties. HT Image PMC property tax departments have identified properties that are not responding to the property tax …

Corrupt bill collectors rob GHMC of Rs 200 crore property tax annually
4 years ago

Corrupt bill collectors rob GHMC of Rs 200 crore property tax annually

Deccan Chronicle  

HYDERABAD: The ground-level staff working in the revenue wing has been indulging in high-level corruption. Property taxpayers allege that bill collectors, who are supposed to collect three years penalty on unauthorised properties, have been demanding only a year’s penalty from residents in order to waive-off three years penalty and depositing 50 percent of tax collected into GHMC's account. The other …

Highest tax payers get least facilities: GHMC polls disparity
4 years, 1 month ago

Highest tax payers get least facilities: GHMC polls disparity

Deccan Chronicle  

Hyderabad: The city’s highest tax payers are deprived of basic civic amenities and subject to bumpy rides 365 days a year, while city lowest tax payers enjoy, relatively, the best of what the government can provide them. The Greater Hyderabad Municipal Corporation managed to collect Rs 6.73 crore property tax from Chandrayangutta against Rs 124.26 crore in Jubilee Hills and …

AP registers 19.40% rise in property tax collections in current fiscal
4 years, 1 month ago

AP registers 19.40% rise in property tax collections in current fiscal

Deccan Chronicle  

Vijayawada: Andhra Pradesh registered a 19.40 per cent rise in property tax collection in the current fiscal up to November 4 despite Covid-19 affecting the economy badly. The authorities had set a Rs 1,958.88 crore tax collection target in the current fiscal and have so far managed to collect 38.40 per cent of it. In addition to this, the state …

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