Amritsar MC collects over Rs 27 cr property tax till mid-term

The property tax wing of the Amritsar Municipal Corporation collected ~3.83 crore from the property owners as it was the last date to avail a 10 per cent rebate on paying the tax. Officials of the property tax wing claimed that it was a record collection in midterm as the MC collected over Rs 27.76 crore tax till September 30. A total of 1,810 tax payers paid the tax today. Residents were seen standing in queues to pay the tax on the last day to avail the rebate.

Sushant Bhatia, Secretary, MC, said, “Officials and employees of the property tax wing worked hard to increase tax recovery. Now, we will conduct a scrutiny of the self-assessments made by the tax payers. The MC has set a target to recover ~50 crore property tax target in this current financial year 2024-25 and they would definitely meet the target this time.”

As compared to the previous financial year, the MC had collected around ~50 lakh more. Last year, the MC had collected ~27.30 crore till September 30. In year 2022-23, MC had collected only ~24.80 crore in midterm.