Ahmedabad: Until now, Amdavadis loved a ten% advance rebate on fee of property tax. Now, you will get an curiosity rebate for paying your tax early if the brand new incentive system proposed by the Ahmedabad Municipal Company’s income committee is accepted.
In line with this system, those that pay their property tax in January 2022 will get an 80% tax curiosity rebate for residential properties and 60% rebate on curiosity for non-residential properties. Those that pay their tax in February will get 75% tax curiosity rebate for residential properties and 55% for non-residential. Those that pay their taxes in March will get a 70% curiosity rebate for residential and 50% for non-residential properties. This yr, the AMC estimates a Rs 50 crore rise in tax earnings.
Tax-payers whose properties are situated in chawls and slums will proceed getting 100% curiosity rebate in the event that they pay their tax between January and March.
“That is an early chicken incentive scheme the place tax payers will get extra rebate on their tax curiosity in the event that they pay early,” mentioned Jainik Vakil, chairman of AMC’s income committee.
The proposal will probably be tabled earlier than the standing committee in its upcoming assembly and will probably be carried out after approval from the standing committee.
Vakil mentioned that from April 1 to December 22 interval, the division’s whole tax income assortment stood at Rs 970 crore, up 10% from Rs 882.87 crore in the identical interval final yr. The property tax assortment in the identical interval rose by 4.44% to Rs 736.55 crore from final yr’s Rs 705.21 crore. Skilled tax assortment elevated by 15% to Rs 141.12 crore from Rs 122.58 crore final yr whereas car tax assortment stood at Rs 970 crore, up 68% from Rs 55 crore final yr on this interval.
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