*dec 31 Last Day To Pay Property Tax For Current Financial Year Without Penalty

Dec30,2024 | Gautam Jalandhari | Ludhiana

*Dec 31 last day to pay property tax for current financial year without penalty; 10 percent penalty would be imposed on payment of tax after Dec 31* Ludhiana, December 30: Tuesday (Dec 31, 2024) is the last day to pay property tax for the current financial year (2024-25) without any penalty. A 10 percent penalty would then be imposed if property owners failed to submit the property tax for the current financial year by December 31, 2024. For facilitating the residents, the civic body zonal suvidha kendras would remain open for the visitors from 9am to 4pm on Tuesday. The civic body officials informed that the residents can avail a 10 percent rebate on payment of property tax for the current financial year, if the payment is done by September 30. No penalty is imposed on payment of tax from October 1 to December 31, while the department imposes a 10 percent penalty on payment of tax from January 1 to March 31. The penalty is increased to 20 percent and 18 percent annual interest is also imposed, if the residents fail to pay the property tax for the current financial year by March 31. MC Commissioner Aaditya Dachalwal said that to avoid standing in long queues, residents can also submit the pending dues online by visiting the website (mcludhiana.gov.in) of MC. Dachalwal further appealed to the residents to submit their pending tax in time to avoid penalties. He said that the collected amount is used for providing basic amenities to the residents and for taking up development works in the city. #mcl #mcludhiana

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