Pimpri Chinchwad civic body collects Rs 198 crore property tax via online mode

PIMPRI CHINCWAD: The property tax department ofPimpri Chinchwad Municipal Corporation(PCMC) collected Rs 198 crore tax through the online payment mode, forming the largest component of total property tax collection of Rs 490.11 crore for 2019-20 fiscal.

Smita Zagade, assistant commissioner, said that this shows the growing preference for online mode of payment. Owners of 1.60 lakh properties paid the tax online.

The second largest component of annual property tax income of Rs 159 crore was received through cheques from 34,620 properties. Tax of 396 properties was paid through demand drafts (DD) amounting to Rs 12.21 crore. Tax of 266 properties was paid through NEFT amounting to Rs 5.57crore and of 52 properties using RTGS amounting to Rs 9.79crore.

The civic body received only Rs 97.46 crore of property tax through cash, accounting for 19.88% of total annual property tax collection.

A total of 5.27 lakh properties, including 4.47 lakh residential, paid tax this fiscal.

The annual property tax collection of 2019-20 was Rs 18.01 crore more than that of the annual property tax collection in 2018-19, which was Rs 472.10 crore.

Source: https://realty.economictimes.indiatimes.com/news/regulatory/pimpri-chinchwad-civic-body-collects-rs-198-crore-property-tax-via-online-mode/74985982

April 04, 2020

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