Mango Municipal Corporation Offers Tax Discounts to Encourage Timely Payments

Mango Municipal Corporation offers up to 15% discount on holding tax payments made before June 30, 2024. The corporation also provides additional rebates and exemptions for specific demographics and payment methods.

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Nitish Verma
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Mango Municipal Corporation Offers Tax Discounts to Encourage Timely Payments

Mango Municipal Corporation Offers Tax Discounts to Encourage Timely Payments

The Mango Municipal Corporation in Jamshedpur has announced a relief measure for residents, offering discounts of up to 15% on holding tax payments made before June 30, 2024. The decision was made during a meeting convened by Additional Municipal Commissioner Ranjit Lohra at the corporation office, focusing on revenue collection strategies and emphasizing the importance of timely tax payments from residents.

Why this matters: This initiative demonstrates the corporation's commitment to efficient revenue collection and provides relief to residents, especially those from vulnerable demographics. By incentivizing timely tax payments, the corporation can ensure a steady revenue stream to fund essential municipal services and infrastructure development.

Under the discount structure, taxpayers who pay before the June 30 deadline will receive a 15% discount on their holding tax. Additional rebates are available, including a 5% rebate for those who opt for home visits by tax collectors and settle their dues, a 2.5% discount for those who pay their taxes in person at the office, and an extra 5% concession for payments made through online channels.

The corporation has also announced special consideration for certain demographics, including women, senior citizens, disabled individuals, third-gender individuals, and those serving in Indian service sectors pertaining to water and air. These groups will be granted an additional 5% discount on their holding tax payments.

In addition to the discounts, the corporation has announced an exemption of land tenure tax for buildings measuring up to 350 square feet. However, these structures will still undergo assessment procedures.

The Mango Municipal Corporation's decision to offer these discounts and exemptions aims to encourage timely tax payments, provide relief to residents, especially those belonging to specific demographics, and streamline revenue collection to ensure the smooth functioning of municipal services. "The Mango Municipal Corporation remains committed to the welfare of its residents and the efficient management of its financial resources," a spokesperson stated.

Residents within the Mango Municipal Corporation area have until June 30, 2024, to take advantage of the discounts and rebates on their holding tax payments. The corporation encourages all eligible taxpayers to settle their dues promptly and avail themselves of the benefits provided by this relief measure.