The Pimpri-Chinchwad Municipal Corporation (PCMC) has extended its property tax relief scheme for the current financial year till August 31, giving some relief to taxpayers amid the ongoing Covid-19 pandemic.

The PCMC's property tax department has urged citizens to pay tax before the increased last date to avail benefits of the relief scheme. Under the twin Town's civic body, there are 5,51,071 properties.

This involves residential as well as commercial and industrial use properties.

Property tax can be paid either in the first half of the fiscal year, from April to September, or in the second half, between October and March.

Earlier, the general tax exemption was announced for property owners who paid their bills fully in advance by June 30. Due to the Covid-19 pandemic, the concession scheme was increased till July 31.

One of the biggest income sources for the Pune civic body is property tax. Amid this ongoing pandemic, the PCMC has extended the tax relief scheme in order to provide some relief to the taxpayers. Another major income source for the PMC is revenue from building permits. The PMC has 10.81 lakh properties. The merger of 23 villages in the PMC is also going to raise the property's number in its tax ambit in the current financial year.

Image Source

---

Also read: Ahmedabad Municipal Corporation extends property tax deadline

Also read: Pune civic body proposal to increase property tax on approval