Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 28
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»BBMP property tax payment deadline on March 31
    Property

    BBMP property tax payment deadline on March 31

    March 25, 20252 Mins Read


    Bengaluru : The Bruhat Bengaluru Mahanagara Palike (BBMP) has taken strict action to collect property tax for the year 2024-25. BBMP has collected Rs 4,566 crore so far. It has a target of collecting Rs 6,000 crore property tax by the end of the current financial year. Out of 20.5 lakh people in BBMP area, 3.49 lakh people have not paid their property tax. Out of which 1.73 lakh people are long-term defaulters and 1.76 lakh people are current year defaulters, with a total of Rs 390 crore due to the BBMP treasury, said Munish Moudgil, Special Commissioner, Revenue Department. Even after issuing notices, SMSes, IVRS calls, personal calls, and attachment notices, long-term defaulters have not paid property tax. Deliberate and long-term defaulters have not even availed the one-time settlement scheme under BBMP. They said that they have not paid property tax for many years.As per zone wise collections, Bommanahalli zone 2,67,088 properties, Rs 400.55 crore tax collection, Dasarahalli zone 70,700 properties, Rs 110.22 crore tax collection, BBMP East zone 2,47,440 properties, Rs 649.40 crore tax collection, Mahadevapura zone 3,26,747 properties, Rs 928.56 crore tax collection, RR Nagar zone 2,08,302 properties, Rs 251.10 crore tax collection, BBMP South zone 2,27,270 properties, Rs 565.62 crore Tax Collection, BBMP West Zone 1,87,715 properties, Rs 411.56 crore tax collection and Yelahanka Zone 17,08,801 properties, Rs 357.17 crore tax.

    Penalty from April 1

    If the property tax due is not paid by March 31, then double the amount will have to be paid in the form of penalty. As March 31 is the last day for payment of property tax. After that, the property owner will have to pay a penalty equal to the amount of property tax due. That is, if Rs 100 property tax is due, another penalty of Rs 100 will be levied on it. In addition, there will be an interest rate of 15 percent per annum.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDigital Utilities Ventures acquiert la société Lifestyle Dock et étend la portée de la technologie Easy Nanovoid sur le marché.
    Next Article Citi forecasts gold surge to $3,500 amid tariff uncertainty, copper and oil prices in focus

    Related Posts

    Property

    New Platform Finally Gives Home Buyers and Sellers a Real-Time View of Their Property Transaction

    July 28, 2026
    Property

    The winners and losers under a Burnham property tax shake-up

    July 27, 2026
    Property

    UK Homeowners Could Stop Paying Council Tax and Stamp Duty Under Burnham Plans

    July 27, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Finance

    AI Is Transforming Finance And Redefining The Skills CFOs Need

    July 27, 2026
    Stock Market

    Stock Market Live Updates Today: BSE Sensex, NSE Nifty50 outlook driven by oil prices, earnings and global cues

    July 26, 2026
    Bitcoin

    Bitcoin Price Briefly Tops $70,000 As Donald Trump’s Iran Signals Rattle Markets

    April 6, 2026
    What's Hot

    Astra falls 9% after Wainua misses primary endpoint in late-stage trial By Investing.com

    July 9, 2026

    How Secure Are Bitcoin Wallets And What Should You Know About Protecting Them?

    August 20, 2025

    L’ETP sur le bitcoin de BlackRock débarque sur les Bourses européennes

    March 25, 2025
    Most Popular

    Bitcoin Miner Riot Platforms Is Getting Closer to Taking Over Bitfarms by Force

    August 20, 2024

    Nasdaq posts four-day losing streak as Apple slide offsets stellar Micron earnings By Investing.com

    June 27, 2026

    Bitcoin price live today (04 Jun 2026) – Why Bitcoin price is falling by 4.38% today

    June 3, 2026
    Editor's Picks

    gold rate today: Gold Price Today: Yellow metal jumps to 5-week high on softer US inflation print. What should investors do?

    July 12, 2024

    obtenez des prêts en fiat contre du Bitcoin ou de l’Ether

    June 6, 2025

    Farmers to rally in London over IHT as Finance Bill returns

    December 15, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.