‘Deepavali Gift’: Telangana Announces 50% Waiver in Domestic Real Estate Tax
The Telangana federal government on Saturday announced a 50 percent waiver in home tax to (domestic) house owners in Hyderabad and 140 other towns across the state as a Deepavali present, in view of the financial troubles being faced by people following the COVID-19 pandemic. “We decided to provide some relief to individuals in the real estate tax (for the year 2020-21) in Hyderabad and towns across the state,” state Local Administration Minister KT Rama Rao told reporters here.
He said numerous ministers, in a cabinet conference hung on Friday, sought more assistance to be extended to individuals in view of the unfavorable economic effect of COVID-19 Accordingly, based on the instructions of Chief Minister K Chandrasekhar Rao, the relief has been finalised, he said.
He said home owners who pay home tax approximately Rs 15,000 in the Greater Hyderabad Municipal Corporation (GHMC) limits would get a 50 percent subsidy. Your home owners in 140 other towns in the state who pay property tax approximately Rs 10,000 would also get a 50 percent subsidy.
The relocation would benefit 13.72 lakh households in the GHMC limits and cost the government Rs 196.48 crore, he said. In other towns, 17.68 lakh families would benefit and it will cost the federal government Rs 130 crore.
Altogether, 31.40 lakh households would get the benefit, totaling up to Rs 326.48 crore, he stated. The 50 per cent waiver would be changed next year for those who have currently paid their real estate tax, he said.
In another choice, Rama Rao, child of the Chief Minister, said those who have still not got the financial support of Rs 10,000 per home revealed by the state federal government for those impacted by recent heavy rains and floods in the city, can apply in the ‘Mee Seva’ resident service centres. The state federal government has actually disbursed over Rs 475 crore to 4,75,871 lakh households till today.
Rama Rao announced a salary hike of Rs 3,000 to sanitation employees in the city, which pushes up their wages to Rs 17,500 each month.
( the headline, this story has not been published by Essential India News personnel and is released from a syndicated feed.).