Pay property tax by December 31 or face penalty, Real Estate News, ET Real Estate

Ludhiana: At least 39,000 property holders who have not yet been paid property tax Failure to pay the dues by December 31 will result in a penalty on the tax amount for the current financial year.

A penalty of 10% will be imposed on the tax amount due from January 1, 2023 to March 31, 2023. From April, residents will have to pay 20% penalty and 18% interest per annum on delayed payments.

commissioner, Ludhiana Municipal Corporation Sheena Agarwal Appealed to the villagers to pay the tax for the current financial year on time and avoid penalty.
He said that the tax collected from the residents is used for providing basic amenities and for the development of the city.

Apart from MC Zonal Suvidha Kendras, residents can also deposit tax online at mcludhiana(dot)gov(dot)in.

The municipal corporation earned Rs 61.64 crore from property tax from April 1 to November 30 last year, which increased to Rs 88.93 crore in the same period this year.