
Pay property tax by June 30 & get 10% discount: Navi Mumbai civic body
NAVI MUMBAI
: After collecting a record Rs 826 crore in property tax in 2024-25 and setting an ambitious target of Rs 1,200 crore for the 2025-26 fiscal,
Navi Mumbai Municipal Corporation
(NMMC) announced a 10% 'Early Bird' discount on general tax for property owners who pay their 2025-26 bills by June 30.
NMMC commissioner
Kailas Shinde
said the 2025-26 property tax bills are now accessible online.
Among the other initiatives to encourage timely tax payments and boost civic revenue is the implementation of a single annual bill distribution system from 2025-26, replacing the earlier practice of distributing bills twice a year. NMMC has also upgraded the online payment system and roped in women from self-help groups to handle the physical bill distribution.
"Property tax bills for 2025-26 can now be accessed through www(dot)nmmc(dot)gov(dot)in and the 'MY NMMC - My Navi Mumbai' app. A 10% discount on general tax awaits those who settle their bills by June 30, 2025," said Shinde. "Previously, the corporation distributed bills twice annually to over 3.5 lakh property owners. Limited staff caused delays in distribution and tax collection. Hence, I have instructed swift distribution with additional personnel, implementing a single annual distribution system.
The property tax department has recruited women from self-help groups to ensure prompt bill distribution and inform residents about tax concession schemes. Residents are advised to share their mobile phone numbers and email addresses with these representatives for property linking and SMS alerts. Citizens can also complete this procedure independently via www(dot)nmmc(dot)gov(dot)in.
The Bharat Bill Payment System supports various payment options, including online banking, UPI, cards, and mobile wallets. Payments through the municipal website and app provide instant receipts, an NMMC official confirmed. NMMC now offers straightforward property tax payments both manually and online with annual billing.
Speaking about the reforms in property tax collection and encouraging public cooperation, Shinde said: "This year, many important decisions were taken to make property tax collection more dynamic and citizen-friendly. The new system of 'One Year, One Bill', linking KYC to tax bills, online availability of property tax bills, effective use of digital methods of tax payment, and participation of women from self-help groups in bill distribution will not only make the tax collection system easier for citizens, but also provide planning and speed to tax collection."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
31 minutes ago
- Time of India
Stocks in news: Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries
The market started the week on a volatile note and ended almost flat, continuing its consolidation phase. In today's trade, shares of Vodafone Idea , Jindal Stainless , ITC , HCL Tech Grasim Industries among others will be in focus due to various news developments. Biocon Biocon received approval for diabetes drug Liraglutide in India. Vodafone Idea Vodafone Idea (VIL) said it is engaged with the Centre to find a solution to the AGR issue, with CEO Akshaya Moondra stating he sees no reason why the government should be constrained in any way to offer relief. Jindal Stainless Jindal Stainless said it has acquired a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project for its manufacturing operations. Grasim Industries Grasim Industries announced that its Finance Committee has approved the issuance of non-convertible debentures (NCDs) aggregating up to Rs 1,000 crore. Live Events ITC US-based investment firm GQG Partners has increased its stake in ITC Ltd, one of India's largest consumer goods companies, through a bulk deal on May 28. HCL Tech HCL Tech announced a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises. Frontier Springs Frontier Springs bags order worth Rs 93 crore from Rail coach factory, Kapurthala and Modern coach factory, Raebareli.


Time of India
an hour ago
- Time of India
How has the digital rupee grown 180 times in just two years?
In just two years, the digital rupee has scaled up dramatically, with its retail value surging nearly 180 times to Rs 1,016.5 crore by March 2025 from Rs 5.7 crore in March 2023, RBI data shows. Agencies Launched as a pilot by the Reserve Bank of India in late 2022, the e` has moved beyond experimentation to meaningful adoption. Retail volumes grew from 1,710,000 to 49,410,000 pieces, marking a 29- fold increase in just two years. High-value denominations now dominate usage, with Rs 500 notes alone accounting for 84.4% of total eRs value in FY25, up sharply from 47.5% in FY23, a clear signal that the digital currency is gaining traction among larger retail and merchant payments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Agencies While the wholesale use-case remains limited, the retail adoption supports India's aim to modernise its payment infrastructure, reduce cash dependency, and provide a regulated alternative to private cryptocurrencies.


Time of India
an hour ago
- Time of India
New-age life insurance firms tap group products to boost business
New-age life insurers Acko, Go Digit and CreditAccess, all of whom received life insurance licences in 2023, are betting on group products to drive premium collection and the business. According to data from industry body Life Insurance Council, Acko Life Insurance 's premium collection almost doubled to Rs 63 crore in fiscal 2025, compared with Rs 36 crore in FY24. Go Digit Life recorded Rs 1,068 crore in FY2025 compared with Rs 426 crore a year back. Credit Access Life Insurance recorded Rs 193 crore in insurance premium compared with Rs 97 crore the previous year. This was the first full year of operations for these new-generation life insurance companies. Both Acko and Go Digit had the general insurance licence prior to that. While Go Digit is a publicly listed company now, Acko is privately held and was last valued at $1.4 billion in a funding round in 2023 . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo 'Most of these new-generation companies have sold group life covers in their first financial year, which has helped them to bulk up premium collection quickly. It also helps set the internal and sales processes quickly,' a senior executive at an insurtech startup said on the condition of anonymity. Under group products, life insurance companies typically sell employer-employee life covers and also club insurance covers to credit customers. Live Events 'Our initial focus was on group products, leveraging the quicker setup of servicing and sales infrastructure. Today, we have a balanced mix of both group and retail products, with plans to expand both segments equally,' Go Digit Life Insurance chief executive officer Sabyasachi Sarkar said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Go Digit Life has four retail products and three group products and is hoping to scale up both businesses in the coming quarters, Sarkar added. The new-generation insurance companies had adopted a retail-first approach for their general insurance business. Both Go Digit and Acko had focused on retail automobile insurance as the key product to scale up their business, but for life business they have gone the group business route. The industry executive cited earlier in the story pointed out that for the life insurance play, it is always easier to disrupt the group market because most of the business there is pricing driven and also is up for renewal every year. 'For products like life, customer trust is the key, building that takes time, hence one way of getting into the market is through employer-employee products where consumers will get to know the brand, experience the claims settlement process and eventually start trusting the brand,' the executive said. In general insurance, these startups had disrupted the business with strong use of technology and also by adding direct sales as a large part of their business, without depending fully on agents and broker networks. 'Employer-employee products are a focus area for us. Digit Life in its first full year of operations (FY25) has clocked over Rs 1,300 crore gross written premium,' Sarkar of Go Digit told ET. But these brands are likely to face much bigger challenges in the life business, according to industry insiders. 'I think new-age life insurance companies will need to invest heavily in customer experience, ensure smooth claim settlement processes to give confidence to customers and also work very closely with the regulator,' said Vivek Ramji Iyer, partner in charge of financial services at Grant Thornton Bharat. To quickly build trust during the purchase process, startups can invest in creating a claims settlement simulation process, Iyer said. 'They should also target rural areas to increase penetration of insurance cover, for that they can look to partner with common service centres in rural India.'