The Times of India 22.02.2013
PCMC offers tax rebate to ex-servicemen freedom fighters & women
PUNE: Ex-servicemen, freedom fighters
and women property holders in Pimpri Chinchwad will get 50% concession
in general property tax from the coming financial year. Those who own
multiple properties, will get the benefit on a single property.
The PCMC property tax department had proposed a minimum hike of 4% and a maximum of 13% in various taxes to be collected for 2013-14.
Municipal commissioner Shrikar Pardeshi said the civic body generates 70% of its income from octroi and the remaining comes from property and other taxes. Octroi will be abolished from April 1, 2013, and will be replaced by Local Body Tax (LBT).
"If there were octroi for the next financial year, our target was to collect Rs 1,500 crore. We expect the civic body to face a deficit of Rs 200 to 300 crore in revenue if LBT is implemented. So there is a need to raise the rates of property and other taxes to increase the income," the municipal commissioner said.
Shahji Pawar, assistant commissioner and chief of property tax department said the property tax department was expecting an additional revenue of Rs 45 crore if its tax hike proposal was approved. Now, the PCMC's tax collection will increase by only Rs 25 crore, he said.
The PCMC property tax department had proposed a minimum hike of 4% and a maximum of 13% in various taxes to be collected for 2013-14.
Municipal commissioner Shrikar Pardeshi said the civic body generates 70% of its income from octroi and the remaining comes from property and other taxes. Octroi will be abolished from April 1, 2013, and will be replaced by Local Body Tax (LBT).
"If there were octroi for the next financial year, our target was to collect Rs 1,500 crore. We expect the civic body to face a deficit of Rs 200 to 300 crore in revenue if LBT is implemented. So there is a need to raise the rates of property and other taxes to increase the income," the municipal commissioner said.
Shahji Pawar, assistant commissioner and chief of property tax department said the property tax department was expecting an additional revenue of Rs 45 crore if its tax hike proposal was approved. Now, the PCMC's tax collection will increase by only Rs 25 crore, he said.
