In wake of the Covid crisis, Punjab government has decided to extend the deadline to pay the outstanding house tax or property tax without any penalty till 30 June, 2020.
Likewise, the time limit of One Time Settlement (OTS) policy for recovery of arrears of water and sewerage charges in the urban local bodies of the State has also been extended up to 30 June 2020, said local bodies minister Brahm Mohindra.
He said that as per the new policy, the persons, who failed to deposit the house tax or the property tax as the case may be, levied under the Act, may now deposit the principal amount in lump sum with rebate of ten percent of the amount by June 30, 2020.
Persons who fail to deposit the house tax or property tax, as the case may be, by 30 June 2020, may deposit the principal amount along with penalty at the rate of ten percent thereafter, within the period of the next three months.
Those who still fail to deposit the due amount as above, within the period and the manner specified above, shall be liable to pay a penalty at the rate of twenty percent on the amount due alongwith interest at the rate of eighteen percent from the date it became due till the date of its realization.