Whereas the civic bodies can recover a large amount of property tax: The wider industry impact

Whereas the civic bodies can recover a large amount of property tax: The wider industry impact

These waiver schemes will remain effective till March 31. Kolkata: The state govt has introduced property tax waiver schemes for six municipal corporations across the state.

Following approval of the state cabinet, state urban development & municipal affairs (UD&MA) department has introduced West Bengal Municipal Corporation Incentive scheme 2026 for six municipal corporations in the state, including Bidhannagar Municipal Corporation (BMC) and Howrah Municipal Corporation (HMC). The schemes offer a 10% rebate on the principal pending property tax only for residential buildings. The authorities have issued a separate notification for Howrah as ‘Howrah Municipal Corporation incentive (Waiver of Interest & Penalty to the Property Tax Payers) Scheme 2026’. The scheme will help property owners, occupiers, or anybody responsible for paying property tax in these municipal corporations of Bidhannagar, Howrah, Chandernagore, Durgapur, Asansol, and Siliguri by allowing taxpayers to clear unpaid property tax bills issued on or before March 31, 2026.

Whereas the civic bodies can recover a large amount of property tax dues, the defaulting taxpayers can settle their arrear tax dues at a concessional rate,” officials said. Officials said as for Kolkata Municipal Corporation, there is no need for UD&MA department to issue notification as KMC is empowered to give tax waivers on its own, as per KMC Act. These apply to all types of properties—whether residential, commercial (non-residential), or mixed-use (both residential and commercial). “Giving waivers on property tax dues can benefit both the civic bodies and the taxpayers. KMC and HMC elections are scheduled to be completed by the end of this year. You Can Also Check: Gold Rate in Kolkata | Silver Rate in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Kolkata AQI | Weather in Kolkata | Petrol Price in Kolkata | Diesel Price in Kolkata | CNG Price in Kolkata | LPG Price in Kolkata

The HMC had earlier submitted a proposal for introduction of a scheme that would enable the tax payers liable to pay outstanding arrear property tax with a relief in interest and penalty accrued on it.

Leave a Reply

Your email address will not be published. Required fields are marked *