Home / Mumbai / Mumbai News / Article /
BMC collects Rs 110 cr in property tax week after uploading correct bills
Updated On: 05 March, 2024 07:08 AM IST | Mumbai | Prajakta Kasale
In 11 months, civic body raked in Rs 710 cr until Feb 26; officials hopeful about revenue increasing
Listen to this article :
The BMC had a revenue target of Rs 6,000 crore through property tax collection in 2023-24. File Pic/Shadab Khan
The response to the property tax collection efforts of the Brihanmumbai Municipal Corporation (BMC) has been slower than expected. After uploading property tax bills in the last week of February, the civic body received around Rs 110 crore till Monday. The target was Rs 4,500 crore from the revenue source in the current financial year, but as the civic body decided to extend the deadline for bill payments to May 25, it is unlikely to be achieved till March end.
After goofing up on property tax bills for the last 11 months, the BMC was finally able to upload the correct bills last Monday, February 26. Till then, the BMC had collected Rs 710 crore, mostly from the pending taxes in the previous years. After the corporation started to upload bills last Monday, it has collected Rs 827 crore till March 4.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT