Telangana announces 50% rebate in property tax, 13L owners to benefit in Hyderabad

Telangana announces 50% rebate in property tax, 13L owners to benefit in Hyderabad

The regime has declared a fifty per cent rebate in land tax within the state. The rebate are going to be applicable to people who pay tax of up to Rs fifteen,000 a year within the larger Hyderabad Municipal Corporation (GHMC) area unit and up to Rs10,000 in alternative municipalities. the choice is predicted to profit nearly thirteen 100000 property house owners within the town limits.

Municipal administration minister K.T. Rama Rao declared the tax relief as a Diwali gift on weekday. He same that the tax rebate would be applicable for the fiscal year 2020-21.

Rama Rao same that if land tax house owners have already paid tax for this year, the quantity (50 p.c balance) are going to be adjusted within the next fiscal year. it should be recalled that the govt. had extended land tax relief throughout the last elections in 2016, as a result of that those paying up to Rs one,000 tax a year paid solely Rs one hundred and one.

Rama Rao same that the govt. would still pay Rs ten,000 relief to the recent flood victims within the larger Hyderabad space. He appealed to the folks to register their names in Mee Seva centres and supply bank details to avail the profit.

Apart from this, the regime conjointly increased monthly salaries of sanitation employees from Rs fourteen,500 to Rs seventeen,500 in recognition of their services throughout Covid-19 pandemic.

The tax rebate was given reportedly in sight of the following elections to GHMC. The State commission (SEC) has already initiated election arrangements and also the notification is predicted shortly.

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