Good News Regarding Exemption on House tax

Good News Regarding Exemption on House tax: There will be a total of a five percent rebate which is given by the Municipal Corporation if the annual rental value of a small house does not exceed Rs.900. Only 10 percent house tax will be paid by such house owners. All those people who are living in small houses have good news. A big step has been taken by the Municipal Corporation to provide relief in house tax to such people. (Exemption on House tax)

Good News Regarding Exemption on House Tax

Municipal Corporation has taken the new decision that there is going to be a good discount on depositing house tax from April. A provision has been made by the Municipal Corporation in the budget to provide tax exemption on small houses.

A total of a five percent rebate will be provided by the Municipal Corporation if the annual rental value of a small house does not exceed Rs.900. Only 10 percent house tax will be paid by such house owners. The Municipal Corporation House has passed this proposal. (Exemption on House tax)

Exemption on House tax

Municipal Commissioner Inderjit Singh said that if the annual rent assessment is more than Rs.900 then 15 percent house tax will be charged. Also, the Municipal Corporation will charge 5 percent less house tax if it does not exceed Rs.900. Also, more than 50 thousand population will get the benefit of this exemption and this is one of the special things. (Exemption on House tax)

With the passing of this proposal, he said that the population of more than 50 thousand would get relief to a great extent. Also, an announcement has been made by the Municipal Commissioner Inderjit Singh that there will be 10% discount from April 1 to July 31. There will be a total of 5% discount from 1st August to 31st December. There will be no exemption on depositing house tax after January 1, 2025.

Also, it has been announced by the Municipal Commissioner Inderjit Singh that those employees of Municipal Corporation and other types of services working in the Municipal Corporation are not required to pay house tax who have only one house in the city and live in it themselves. (Exemption on House tax)

Moreover, all those persons who have been awarded Ashok Chakra, Param Vir Chakra, other Soldiers or any Shaurya Chakra or even their dependents like spouse, unmarried daughter or minor children will also be exempted from the normal tax. Only if the building is residential and they themselves reside in it only then this will be applicable.

Exemption on House tax

It has also been announced that for 80% to 100% disability, 100% exemption will be given in the house tax, for more than 50% and less than 80% disability, 50% exemption will be given in house tax.

It has also been declared that those persons who are recipients of Bharat Ratna, policemen or officers who have received gallantry medals from the President and those with Arjuna medals will be exempted from house tax. Also, National level scientists, journalists and sportspersons will be provided half exemption in the house tax. (Exemption on House tax)

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