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HomeNewsReal EstateAhmedabad civic body collects 500 crore property tax till August 27

Ahmedabad civic body collects 500 crore property tax till August 27

The state government’s announcement of a 20 per cent rebate on property tax amid COVID-19 pandemic has proven to be a win-win situation for both the AMC and the taxpayers.

The AMC also has in place a scheme of giving 10 per cent rebate to those paying the property tax in advance for a particular financial year. This year the advance tax scheme has been extended till August 31 due to the pandemic.

Till August 27, AMC had collected Rs 500 crore property tax. The taxpayers have got Rs 116 crore benefit under the various rebate schemes — Rs 79 crore under the state government scheme, Rs 31 crore under AMC advance tax rebate scheme and Rs 7 crore for the property tax on residential properties.

The rebate scheme will get over on August 31 and the AMC expects the relief to taxpayers at total Rs 125 crore.

AMC collected Rs 239.01 crore in June, Rs 225.76 crore in July and till Friday the collection for August was at Rs 50 crore.

In the commercial category, which accounts for 80 per cent of total property tax collection, AMC had received Rs 385 crore till August 27.

In the last financial year, between April 1 and August 28, the AMC had collected Rs 602 crore as tax. This year, in the same period, AMC has collected Rs 504 crore.

The central zone of the civic body contributed Rs 82.39 crore, north zone Rs 39.67 crore, south zone Rs 38.96 crore, west zone Rs 141.55 crore, north west zone Rs 93.03 crore and south zone Rs 67.14 crore.

AMC has collected Rs 58.72 crore professional tax this year, compared to Rs 72.56 crore last year.


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