It's taxing time for property owners. Since the rate of tax for different categories has been revised, Delhiites will have to pay more from this financial year. However, no major amendments have been made in the property tax forms, according to senior MCD officials.
With June 30 being the last date to avail the 15% rebate on property tax, people can pay tax either online or submit their forms in the 12 MCD zonal offices.
As per the revised rates, colonies falling under category A and B will now have pay 12% property tax. The categories from C to H will see a rise of 1% from the previous rate 10% to 11% for categories C and E and from 6% to 7% for properties under category F to H.
For commercial properties like multiplexes, big shops, etc, there has been an increase of 10%. The property tax rate for multiplexes, petrol pumps etc has been increased from 10% to 20%. The rate for commercial properties falling under A and B categories has been increased from 10% to 15% and from 10% to 12% for categories C to E. There is no change in the tax rate for categories F, G and H.
Press and information director, Deep Mathur, said: ``We have not created any new categories in the property tax forms. It is more or less the same like before. The only change is that we have added a section called the special commercial category under which multiplexes, petrol pumps, etc need to pay more tax. Under this section there is also the general commercial category which includes power distribution companies, etc.''
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With thanks : source : Times of India
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