Vijayawada: The Andhra Pradesh government has imposed a property tax of Rs 221.36 crore, including arrears and current bills of Rs 4,474.31 crore for Rs 2024-25.
Property tax is the primary source of income for citizen institutions, enabling them to provide citizens with a variety of services and amenities.
According to the municipality, the owed amount is Rs 233,703 crore, while the current bill is Rs 21,3768 crore.
Municipal departments provide incentives for those who pay their property taxes as soon as possible in the form of kickbacks. Nevertheless, some offenders did not pay their membership dues in the second half of the fiscal year and in the second half of the fiscal year. This forces the department to initiate additional steps to clear dues.
The government’s announcement of a 50% waiver of interest on property taxes will help collect taxes.
It is worth noting that the total tax and interest income was Rs 18,713.2 crore before the interest exemption on March 25. The exemption begins on March 26, total revenue of total taxes and interest is Rs 34.217 crore in seven days before the closure of the fiscal year in Japan on March 31.
In addition, the total collection of decompositions is owed RS 356.81 crore, current tax RS 166.261 crore, total tax RS 2019.41 crore and interest RS 194.19 crore. The total tax and interest charges are Rs 22,136 crore.
Officials say the government announced a 50% abandonment of property tax, which works well. Many taxpayers take advantage of the opportunity to clear their dues.
