As every year, Greater Hyderabad Municipal Corporation (GHMC) has rolled out an Early Bird Scheme for Property Tax payments for FY 2022-23. The scheme will commence on April 6th. Citizens can avail of this offer by paying the property tax online using the web link or can pay the tax by visiting the GHMC Citizen Services Centres.
Under this offer, the rebate is given only on the current year’s tax and not on the arrears. Towards Property Tax, only Rs 1495.29 crore was collected in the financial year 2021-22. In 2020-21, the tax revenue was Rs 1633.75 crore and in the just concluded financial year, the collections are less by Rs 138.46 crore.
GHMC assumed significant tax collection at the end of the financial year but only Rs 90 crore was deposited in the exchequer. This will make the payment of pending bills a burden on GHMC. In this context, the corporation has rested all its hopes on the Early Bird scheme. Citizens can get a 5% rebate on current year tax against PTIN by paying before April 30th, 2022.