Check & Pay the Due Property Tax Bill - PowerPoint PPT Presentation

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Check & Pay the Due Property Tax Bill

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If you are an owner of residential or commercial property in India, then you need to pay property tax on it. The exact property tax bill is generated on factors like the size and location of the property, gender and age of the owner, among others. – PowerPoint PPT presentation

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Title: Check & Pay the Due Property Tax Bill


1
Quick Guide to Paying Property Tax in India
2
What is Property Tax?
  • In India, a property tax bill is levied by the
    state government and looked after by the local
    civic bodies (municipalities, municipal
    corporations, or panchayats). It is charged on an
    individuals or an entitys possession of a
    property. Depending on the propertys location,
    this tax is collected by the governing authority
    of that concerned jurisdiction.
  • If you have any residential and commercial
    building, then you need to make the property tax
    payment. The property tax payment is made to
    municipal authorities.

3
  • The property could either be a house, buildings
    (residential as well as commercial), or land. The
    property divisions for tax on property in India
    are
  • ? Land
  • ? Improvement made to a land
  • ? Personal property
  • ? Intangible property

4
A property tax bill is also referred to as house
tax or municipal tax. The sum collected through
this tax is used for the maintenance of basic
civic amenities of a particular area. This
includes maintaining proper hygiene, sewage
system, roads, street lights, and other
infrastructural facilities.
Different authorities set specific rules for
property or house tax levy. For example, the New
Delhi Municipal Corporation or property tax rates
are finalized by the authorities from a
year-to-year basis. These rates are likely to
vary from one council to another, depending upon
the locality, services, market value of a
property, and so on.
5
Know Before Paying Property Tax
  • 1. Annual market value of the property
  • 2. Type of property (residential,
    non-residential, commercial, billboard, vacant
    plot, etc.)
  • 3. Zonal Classification
  • 4. Built-up area of the property
  • 5. Propertys dimensions
  • 6. Number of floors including basements, if any
  • 7. Built-up area of each floor

6
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7
  • You can pay your property or municipal tax by
    directly visiting your concerned municipal
    office. It is the traditional way of paying
    municipal taxes. It would require you to fill up
    certain forms with proper details. Once that is
    done, you will need to submit it along with a
    cheque or demand draft to make the necessary
    payments.
  • If the offline mode seems tedious to you, you can
    choose to pay property or house tax online. In
    that case, the first step will be to check if
    your municipal corporation has initiated the
    online tax-paying facility or not as pay property
    tax online. If yes, this can be a far more
    convenient option to clear your tax dues compared
    to the offline mode.

8
  • NDMC property tax and other ones are levied to
    maintain the basic civil infrastructure in a city
    such as sewage, water, electricity and more.
    Usually, the property tax payment is made on a
    yearly basis.

9
  • Once you have all the property details available,
    you can proceed with the online tax payment. It
    would involve the following steps -
  • ? Visit the official portal of the concerned
    municipal corporation (For example, you will need
    to log in to the official NDMC portal to pay NDMC
    property tax).
  • ? Look for the tab with the option of paying
    property tax online.
  • ? Enter the necessary details, as asked.
  • ? Re-check and submit the details to proceed with
    the online payment.
  • You will be shown the amount of tax due on your
    property before you go ahead with the payment.
    After that, you can easily pay the dues through
    online banking, credit cards, or debit cards.

10
THANK YOU
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