New Delhi: NDMC collects Rs 1,045 crore property tax in FY25

4/2/2025 10:05:00 AM

                New Delhi: New Delhi Municipal Council (NDMC) increased its collections from property tax in FY 2024-25 by Rs 24 crore compared to last year.
Till March 30, 2025, the council had collected Rs 1,045 crore. After the system updates payments received till March 31, the total collection is expected to reach Rs 1,050 crore, according 
to officials. "Last year's collection was Rs 1,026 crore," said an official. NDMC had set a target of Rs 1,150 crore from property tax collection in 2024-25.
Municipal Corporation of Delhi (MCD), meanwhile, managed to collect nearly Rs 2,150 crore from property tax in 2024-25, falling short of its target of Rs 4,000 crore. The amount 
collected was similar to the collection in FY 2023-24, which stood at Rs 2,137 crore. In comparison, the civic body had managed to collect Rs 2,417 crore as property tax in FY 2022-23 
due to the introduction of an amnesty scheme.
To increase collection, in Feb, NDMC had intensified its drive to identify defaulters. It issued showcause notices to 3,200 defaulters, asking them to pay the dues immediately to avoid 
coercive action. It also attached properties of defaulters in Connaught Place, Khan Market, Kasturba Gandhi Marg and Gole Market, among other areas.

This year, the council received a better collection from the private sector compared to the govt sector. "Last year, NDMC collected Rs 280 crore from govt taxpayers, but this year, the 
collection has come down to Rs 182 crore. In comparison, the collection from the private sector was high this time, at Rs 863 crore, compared to Rs 746 crore last year. We are thankful 
to the taxpayers and will work toward providing better services in Lutyens' Delhi," said the official.
This year, the number of taxpayers in NDMC area has crossed 10,000 units, the official said, adding, "We added about 200 new taxpayers, including small shops which were not paying 
taxes so far. We aim to add 2,000 more taxpayers in the next financial year."
With the beginning of the new fiscal, NDMC will soon come out with a notification raising new bills and inviting taxpayers to check the assessment list. "Taxpayers can accordingly submit 
objections, and after verification, we will raise final bills," said the official.

Source : Times of India

            
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