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Pay your tax before April 30 and get 5 per cent rebate

14 Apr

It’s April and time to pay your annual property tax to Bruhat Bangalore Mahanagara Palike (BBMP) for the new financial year through the Self Assessment Scheme (SAS).

With property tax collection for 2011-12 beginning from April 1, property owners can avail 5 per cent rebate on full payment of tax for 2011 -12 if paid before April 30.

The BBMP was contemplating to hike property tax by 15 per cent as per the revised SAS rulebook. However, the taxpayers can now heave a sigh of relief as the civic body has dropped the idea.

Taxpayers can pay the tax in two instalments without penalty or availing rebate if the first half-year instalment is paid between May 1 and May 30. The second half-year instalment without penalty or availing rebate can be paid between October 1 and November 29. From November 30, a penalty of 2 per cent on the tax amount will be levied every month for the late payment of property tax.

Speaking to Cityplus, BBMP deputy commissioner (Revenue) I Ramakanth said that taxpayers can also pay property tax through credit or debit cards at no extra charge from this year onwards as part of cashless transaction.

 

 

More News: jagrancityplus

 

 
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BBMP Property Tax collection for 2011-12 begins

31 Mar

For property owners, March 31 is last day to pay their property tax for current year 2010-11. The city corporation finally implementing its long-planned cashless transaction for one of its regular revenue sources. According to BBMP officials, the increasing number of bouncing cheques was also a reason to introduce this new method.

Tax payers this year can heave a sigh of relief that the corporation will not be going ahead with the 15% revision, as per the revised Self Assessment Scheme rulebook. From April 1, 2011 BBMP starts collecting property tax for for 2011-12. From April 1, property owners will also have to fill a separate application form for payment of garbage cess. The applications will be made available at all tax counters.

Tax Calendar

March 31,2011 : Last date to pay property tax for this year (2% of tax amount for every month).

Property Tax 2011-12

April 1, 2011 : Tax collection for 2011-12 begins. Also fill a separate application form for payment of garbage cess.
April 30, 2011: Last day to pay full tax  of 2011-12 and avail 5% rebate
May 30, 2011  : Deadline to pay first half-year installment or full (without penalty or rebate)
Nov 29, 2011  : Deadline for second installment without penalty (2% of tax amount for every month)

 

Read More:

commonfloor.com/stories/bbmp-property-tax-collection-for-2011-12-begins

 

 
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Last chance for Property Tax defaulters

10 Feb

Despite issue of notices,many of property owners has not paid property tax 2008-09 & 2009-10 under SAS.The civic authority plans to do a door-to-door survey to issue notices.The demand notice will give them 15 days time.

  • For payment made after 30th November 2009, an interest of 2% per month will be levied.
  • Property owners paid property tax for 2008-09 can avail the facility of online paying for the year 2009-10 by using Visa/Mastercard on BBMP’s website.
  • The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).
  • The demand notice will give property owners 15 days time to make the payments with two per cent penalty.
  • Further action will be taken against them as per the provisions, if defaulters do not pay their dues even after receiving demand notices.
  • The property owners cannot file self assessment declaration once assessment order is issued.
  • Log on www.bbmp.gov.in or your nearest Help center for more details.
  • For online payment http://sasbbmp.com/

According to an estimate, nearly 2.5 lakh property owners have not paid their property tax for 2008-09 and 2009-10. Now, the civic authority plans to do a door-to-door survey to issue notices to the defaulting property owners.The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).The property will be registered in BBMP’s B-Register until regularization of property. Read More




 
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