Top
Millennium Post

South civic corporation registers record high in property tax collection

South Delhi Municipal Corporation has registered an all-time high in property tax collection in the first quarter of the current financial year. According to corporation officers, the collection in the first quarter, ending in June, is 117 per cent higher than collection in the same period last year. North DMC has also registered over 36 pe cent increase in property tax collection.

'We have collected a revenue of Rs 310 crore between  April and June, which was only Rs 143.52 crore in  the same period in 2012-13,' said B N Singh, tax assessor and collector, South DMC. As compared to the corresponding period in financial year 2012-13, the growth in revenue collection during the first quarter of the present financial year is Rs.167 crores.

While Rs 197.33 crore was made in offline collections, Rs 112.57 crore was made in online collections. In the first quarter of the financial year 2012-13, the total collection of the three corporations was Rs 290 crore.

Singh further added that the record high in property tax collection could be achieved because of the efficiency of employees of the property tax department, along with better compliance by tax payers, due to which the collection has gone up substantially, recording an all time high. He said that the annual target of the property tax department, SDMC for the financial year 2013-14, is Rs.702 crore.

According to North Delhi Municipal Corporation assessor and collector M S A Khan, the north civic body  too recorded a high property tax collection of Rs 150 crores till 30 June. The collection in the corresponding period last year was Rs 110. 'The number of tax payers this year is 2.2 lakhs. It was only 1.9 lakhs last year,' added Khan.
Next Story
Share it