1 day ago
Kolkata Offers Full Property Tax Interest, Penalty Waiver
Kolkata’s city government says people who owe property tax can get some extra charges removed if they pay.
Residential properties can have all their interest and penalties waived.
Commercial properties and properties used for both homes and businesses get different-sized waivers.
The scheme is planned to last until March 31, 2027.
The city may extend it, but the interest waiver could then be smaller for some properties.
KMC says many people owe property tax, and the unpaid total is more than ₹6,800 crore.
People can pay online or visit a KMC office.
Similar schemes are being introduced in six other municipal corporations in the state.
The Kolkata Municipal Corporation announced a 100% waiver of interest and penalties on residential property tax dues.
Commercial properties receive 70% interest and 99% penalty waivers; mixed-use properties receive 80% and 99%, respectively.
The scheme runs until March 31, 2027, and could be extended with a reduced interest waiver for non-government properties.
KMC reported more than ₹6,800 crore in outstanding property tax through September and over 300,000 defaulters.
Taxpayers can pay online or at KMC assessment and collection offices; the scheme is part of a state initiative covering seven municipal corporations.
- Who
- The Kolkata Municipal Corporation announced the scheme for property taxpayers.
- What
- A waiver of interest and penalties on overdue property tax, with rates varying by property use.
- Where
- Kolkata, West Bengal.
- When
- Announced Thursday; scheduled to remain in force until March 31, 2027.
- Why
- To give property tax defaulters an opportunity to settle dues; KMC officials said collections had declined amid the civic body’s financial difficulties.
Key facts
- Residential and government properties
- 100% waiver on interest and penalties
- Commercial properties
- 70% waiver on interest and 99% on penalties
- Mixed-use properties
- 80% waiver on interest and 99% on penalties
- Scheme deadline
- March 31, 2027
- Outstanding property tax
- More than ₹6,800 crore through September, including over ₹3,300 crore in interest and more than ₹400 crore in penalties
- Defaulters
- More than 300,000
- Payment options
- Online through the KMC website or at assessment and collection offices
- Broader initiative
- Similar schemes were introduced for six other municipal corporations, making seven corporations covered
Quotes
Smita Pandey
Kolkata Municipal Corporation commissioner
“I hope everyone will make the best use of this opportunity. Details of the waiver scheme will be available on the KMC website, www.kmcgov.in, and through separate advertisements. QR codes in the advertisements will direct users to the website.”
telegraphindia.com
“The waiver for government and residential properties will be 100% on interest and penalties. For commercial properties, it will be 70% on interest and 99% on penalties.”
telegraphindia.com
Sources
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