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The Municipal Corporation of Delhi (MCD) has introduced a house tax waiver scheme allowing residents to clear their 2024-25 dues to receive full forgiveness of past outstanding taxes. Properties up to 100 sq yards get complete exemption, while those between 100-500 sq yards receive a 50% reduction. Additionally, 1,300 housing societies will now get a 25% rebate. The initiative aims to boost tax compliance following a decline in collections last year. MCD is also integrating tax payments with utility services and geotagging properties to modernize the system and enhance efficiency, ensuring better revenue generation and civic development.
The Municipal Corporation of Delhi (MCD) has introduced a new house tax waiver scheme aimed at providing financial relief to property owners in the city. Under this initiative, residents who settle their house tax dues for the fiscal year 2024-25 will have all previous outstanding taxes forgiven. This move is designed to ease the financial burden on homeowners and encourage timely tax payments. Advertisement
The scheme offers full exemption from house tax for properties up to 100 square yards, including residential shops. Properties ranging from 100 to 500 square yards are eligible for a 50% tax reduction. Additionally, 1,300 housing societies that previously did not qualify for any exemption will now receive a 25% rebate. This comprehensive approach aims to benefit a wide spectrum of property owners across Delhi.
In the previous fiscal year, the MCD collected approximately INR 2,137 crore in property taxes from about 1,258,000 taxpayers, marking a decrease from the INR 2,417 crore collected from 1,329,641 taxpayers in the prior year. This decline was partly attributed to the absence of an amnesty scheme like the Samriddhi scheme, which had boosted collections by 20% in the earlier period. The new waiver initiative seeks to address such challenges by incentivizing prompt tax payments and reducing the backlog of dues.
To further enhance transparency and efficiency in tax collection, the MCD plans to integrate property tax payments with utility services such as electricity, water, and gas. This integration, coupled with mapping and drone-based surveys, is expected to increase tax compliance and broaden the tax base. The MCD has already geotagged over 484,000 properties as part of this effort. These measures aim to modernize the property tax system and make it more user-friendly for residents.
Residents are encouraged to take advantage of the new waiver scheme by clearing their 2024-25 house tax dues within the stipulated period to benefit from the forgiveness of previous outstanding taxes. This initiative not only provides immediate financial relief but also promotes a culture of regular tax compliance, contributing to the overall development and maintenance of civic amenities in Delhi.
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