How To File Property Tax In Pune
The Pune Municipal Corporation (PMC) has received revenue worth Rs 105 crore as property tax within the first two weeks of the financial year 2018-19. Also, a rebate plan of five and 10 per cent discount in tax was launched by the PMC. Taking full advantage of the scheme, several residents are now claiming benefits for timely payment before May 31. Around 50 per cent of the property holders in the city use the online mode of payment of property tax. An efficient reminder service by the PMC through SMSes and email IDs, along with the provision of hard copy of bills, has minimised the number of defaulters.
MakaaniQ brings you a complete guide on how to file your property tax in Pune:
Property Tax in Pune
To identify illegal properties and scrutinize delayed payment of taxes, the PMC has been mapping properties using the geographical information system (GIS). Around 2.5 lakh properties had been mapped out of nearly eight lakh properties in Pune.
Property owners in Pune are liable to pay property tax every year to the Pune Municipal Corporation (PMC) or the Pimpri Chinchwad Municipal Corporation (PCMC), depending on the location of the property. Owners can either pay the tax manually through cash, cheque, money order or demand draft by visiting the respective ward office. Also, the PMC invites payments at its Citizen Facilitation Centre, bank partners (ICICI Bank, Bank of Maharashtra, Cosmos Bank and many more) and self-pay tax payment kiosks.
The other preferred mode of payment, nowadays, is online payment at the official website of:
*Pune Municipal Corporation - http://propertytax.punecorporation.org
*Pimpri Chinchwad Municipal Corporation - http://184.108.40.206:8080/pcmc/
Property tax calculation in Pune
The online property tax calculator of the PMC calculates the amount of tax to be paid basis the following information:
*Total Plinth Area
The formula adopted for the calculation is:
Property tax = Capital Value X Rate of Tax
Here, Capital Value = Base Value X Built-up Area X Use Category X Type of Building X Age Factor X Floor Factor
Taxpayers just need to go through these simple steps for paying the taxes.
Step 1: Go to the official website, as mentioned above.
Step 2: Click on ‘Pay Tax Online’.
Step 3: Enter all the property details. Choose your mode of payment viz. net banking, debit card or credit card.
PMC’s discount and rebate schemes
*To encourage timely payments, the PMC introduced a new initiative in 2017. It offered a scheme of Rs 5-lakh accident claim insurance for all regular payers, with no gap in payment years or outstanding payments. The scheme was also aimed at supporting the slum residents to pay their ‘Seva Kar’ tax.
*In a discount scheme, the PMC offered a discount of 10 per cent on an amount below Rs 25,000 and five per cent discount for amounts over Rs 25,000. This was applicable for those who made their payments before the end of May.
*The PMC offered an additional two per cent rebate for those making payments through the online mode.