Latest news with #OTS
Time of India
an hour ago
- Business
- Time of India
MC Suvidha Kendras open on weekends for property tax payment
Ludhiana: To help residents submit pending property tax on time, MC commissioner Aaditya Dachalwal announced that zonal suvidha kendras would remain open on Saturday, July 26, and Sunday, July 27. The decision was taken as July 31 is the last day to pay pending property tax without penalty and interest under the one-time settlement (OTS) policy notified by the state government. Officials said that the property tax must be paid on self-assessment basis every year. If the property owner fails to pay, a 20% penalty and 18% annual interest on the pending amount will be charged. Under the OTS policy, residents can submit the pending tax by July 31, 2025, without penalty or interest. The pending tax can be submitted at the suvidha kendras situated in the zonal offices of the civic body. MSID:: 122907289 413 |
Indian Express
a day ago
- Business
- Indian Express
Mohali DC urges residents to avail rebate opportunity on property tax by July 31
To facilitate residents of Mohali district, Municipal Council offices will remain open on Saturday and Sunday for the collection of property tax. The government has extended the rebate period on property tax payments until July 31. Deputy Commissioner Komal Mittal appealed to the residents of Kharar, Kurali, Zirakpur, Dera Bassi, Naya Gaon, Banur, Lalru, and Gharuan to clear their outstanding property tax dues by July 31, 2025, and take full advantage of the ongoing rebate. The DC said that under the special rebate drive, the district has collected ₹12.59 crore in outstanding dues since July 1. She added that this initiative is part of the one-time settlement (OTS) scheme launched by the Punjab government, which provides relief on penalties and interest for long-pending or partially paid property taxes. As per the scheme, taxpayers can pay their entire principal outstanding amount up to March 31, 2025, by July 31, 2025, and receive 100% waiver on penalties and interest. She stated, 'If dues are paid between August 1 and October 31, 2025, a 50% waiver on penalty and interest will be applicable. However, from November 1, 2025, full penalties and interest will be levied on outstanding tax amounts.' The DC urged all property owners with pending dues to make the most of this opportunity and support the government's efforts to improve civic infrastructure and services. Providing a breakdown of tax collections since July 1, she mentioned that Zirakpur led the list with recoveries of ₹814.94 lakh, followed by Kharar with ₹227 lakh, Dera Bassi with ₹125.62 lakh, Naya Gaon with ₹32.90 lakh, Kurali with ₹26.95 lakh, and Banur with ₹18.51 lakh.
Time of India
a day ago
- Business
- Time of India
Pay property tax by July 31 to avail benefits: MC chief
Ludhiana: With just a week to go for residents to pay the pending property tax without any interest and penalty, MC commissioner Aaditya Dachalwal has appealed to them to avail themselves of the benefits of the one-time settlement (OTS) scheme by submitting their dues by July 31. The MC chief has asked zonal commissioners and superintendents, and other officials to expedite the recovery of dues from residents and crack the whip on defaulters. He held a meeting with them at the zone 'D' office of the civic body in Sarabha Nagar Thursday. MC additional commissioner Paramdeep Singh, assistant commissioner (UT) Pragati Rani, zonal commissioners Abhishek Sharma (zone A), Neeraj Jain (zone B), Gurpal Singh (zone C), and Jasdev Singh Sekhon (zone D), among other officials, were in attendance at the meeting. Similar directions have also been issued to officials of the operations and maintenance (O&M) cell for the recovery of water/sewer bills from the residents. Civic officials said property tax must be paid after self-assessment every year. If the property owner fails to pay the tax, the civic body levies a 20% penalty and 18% annual interest on the pending amount. Under the newly launched OTS scheme, residents can now submit the pending tax by July 31, without any penalty or interest. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo They can pay do so at the suvidha kendras situated in the zonal offices of the civic body. MC Suvidha Kendras to remain open this weekend To help the residents submit the pending property tax on time, MC commissioner Aaditya Dachalwal has ordered that the zonal suvidha kendras of the civic body will remain open on Saturday (July 26) and Sunday (July 27).
The Hindu
2 days ago
- Business
- The Hindu
L&T Metro Rail Hyderabad records 25% growth in ridership; revenue drops by 21%
L&T Metro Rail Hyderabad (L&TMRH) — which has built and runs the phase one of the Hyderabad Metro Rail (HMR) for 69.2 km — has recorded the highest ever [daily] ridership of 5.63 lakh with more than five lakh ridership for about 70 days during the year (2024-25), recording a growth rate of 25% over the previous year (2023-24). Yet, it has declared a 21% decrease in revenue - which is ₹1,108.54 crore in the financial year of 2024-25 up to March 31st [2025] as against revenue earned of ₹1,399.31 crore in the previous financial year of 2023-24. The annual loss too has increased by 13% or ₹625.88 crore, which is up from ₹555.04 crore loss registered in the previous financial year. ₹627 crore through fare collection The company earned ₹627.11 crore in revenue from fare collection through the metro rail system and (₹485.55 crore) from Transit Oriented Development (TOD) assets, advertising, retail activities at stations, rentals of optic fibre cables, right of way for telecom towers, etc. The annual report of the company for the year (2024-25) has stated that the next level upgrade of its ticketing system or Open-loop Ticketing System (OTS) will be introduced in the current financial year of 2025-26 to enhance commuter convenience by aiding digital payments. 50 crore passenger journeys The report, finalised at the annual general body meeting held recently, stated that about 50 crore passenger journeys have been commemorated since its inception with the operating ratio ranking one of the best amongst all metros in India due to control over operating costs and optimum utilization of rolling stock. The Ministry of Housing & Urban Affairs (MoHUA) accredited 'I-Metro' , which publishes a comparison of Key Performance Indicators (KPIs) every year, has ranked L&TMRH as the the top performer for 2024-25. The Periodic Overhauling (POH) for 14 of the 57 seats trains was completed during the year and is in progress for remaining trains. 12% energy requirements met with solar power L&TMRH has replaced 12% of its grid power requirements for metro operations with captive solar power of 11.0 Mwp and solar panels were installed over the rooftop of stations and in the depot areas. Another 1 MWp of solar capacity is expected to be commissioned during this financial year. About 155 rainwater harvesting pits were constructed at various stations and depots to harvest about 60 million litres of water per year. The aim is to attain 'Carbon Neutrality' by 2040 and 'Water Neutrality' by 2035. Worth of assets The gross fixed assets comprising of property, plant and equipment, investment property and including assets under development was at ₹17,355.19 crore and the net fixed assets at ₹15,620.46 crore.
Time of India
6 days ago
- Business
- Time of India
Mohali dist earns Rs 11.43 cr in property tax in just 19 days under OTS scheme
Mohali: In a major boost to the Punjab government's efforts to recover outstanding property taxes, the urban local bodies (ULBs) of Mohali district have collected a record Rs 11.43 crore in just 19 days under the one-time settlement (OTS) scheme. Lauding the citizens' overwhelming response, Mohali deputy commissioner Komal Mittal said the unprecedented recovery between July 1 and July 19 reflects the success of the scheme introduced by chief minister Bhagwant Singh Mann, aimed at offering substantial relief on long-pending property tax dues. According to official data, Zirakpur topped the charts with collections of Rs 7.53 crore, followed by Kharar at Rs 2.09 crore, and Derabassi at Rs 96.45 lakh. The breakdown of collections from other municipal councils is as follows: Kurali – Rs 22.25 lakh, Nayagaon – Rs 32.50 lakh, Banur – Rs 17.02 lakh, and Lalru – Rs 12.39 lakh. The DC explained that under the OTS scheme, residents with unpaid or partially paid property tax dues up to March 31, 2025, are eligible for a full waiver on penalty and interest if they clear the principal amount by July 31, 2025. Those who pay between Aug 1 and Oct 31 will get a 50% waiver on the penalty and interest. After this period, the full penalty and interest will apply as per existing laws. To further facilitate taxpayers, the district administration has decided to keep municipal council offices open on weekends until July 31. "This will help working citizens who are unable to visit during weekdays," the DC added. In a bid to encourage the public and assess the implementation, additional deputy commissioner (urban development) Anmol Singh Dhaliwal inspected Zirakpur and Kharar municipal councils on Friday. He expressed satisfaction with the strong response from residents and lauded the efforts of the municipal teams. Urging citizens to take advantage of the scheme, DC Komal Mittal appealed to residents to visit their respective municipal councils and clear their dues within the stipulated timeframe to avoid penalties. MSID:: 122783767 413 |
