Home India Property tax in urban areas slashed by 50% in Telangana

    Property tax in urban areas slashed by 50% in Telangana

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    Real estate tax in urban areas slashed by 50% in Telangana

    The relief will, nevertheless, be readily available only to domestic category of tax payers as much as15,000 in Greater Hyderabad Municipal Corporation (GHMC) and10,000 in 141 municipalities across the State.

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    Payments currently made by now will be adjusted in the demand that will be raised next year, said Municipal Administration Minister K.T Rama Rao.
    | Picture Credit: Nagara Gopal

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    The relief will, however, be readily available just to domestic classification of tax payers up to15,000 in Greater Hyderabad Municipal Corporation (GHMC) and10,000 in 141 towns across the State.

    The Telangana federal government on Saturday slashed real estate tax for the present year by 50% for the metropolitan population of the State who bore the force of COVID-19, as a Diwali gift from the Chief Minister.

    The relief will, nevertheless, be readily available only to domestic classification of tax payers as much as15,000 in Greater Hyderabad Municipal Corporation (GHMC) and10,000 in 141 municipalities throughout the State. Payments already made by now will be changed in the demand that will be raised next year, stated Municipal Administration Minister K.T Rama Rao.

    Disclosing the choice taken in this regard at the other day’s Cabinet conference presided by Chief Minister K. Chandrasekhar Rao, the Minister told a media conference that about 13.72 lakh home owners in GHMC and 17.68 lakh others in 141 municipalities will benefit from the measure. The relief in GHMC will amount to19648 crore and130 crore in municipalities, aggregating to. 326.48 crore.

    By other decisions, the residents of Hyderabad and fifteen adjacent towns who did not get the flood relief of10,000 revealed by the State federal government have been provided one more opportunity to access the cash through Mee Seva centres. They can make online application at the centres on payment of Rs. 20 and the money will be delivered at their doorstep by authorities or transferred in banks if they provided their account numbers.

    The Federal government has so far paid out470 crore out of the allocated550 crore to 4.75 lakh families earmarked to help individuals distressed by current rains and flooding of homes in Hyderabad.

    As Diwali gift to sanitation employees in recognition of their services throughout COVID-19 times, the Government enhanced their income from14,500 to17,500 each month. This is the 3rd enhancement for them because the formation of Telangana State; very first time it was done in 2015 from 8,500 to12,500 and again in 2017 from12,500 to14,500, Mr. Rama Rao said.

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    Telangana.
    ( the headline, this story has not been published by Essential India News personnel and is published from a syndicated feed.).

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