Ahmedabad Collects Rs 834.8 Crore In Property Tax Under Advance Rebate Scheme

Ahmedabad: The Ahmedabad Municipal Corporation (AMC) has accumulated Rs 834.80 crore in assets tax underneath its Advance Property Tax Rebate Scheme, which was once in impact from April 8 to May 31.  

A complete of 5.98 lakh taxpayers availed themselves of the scheme, with over 4 lakh making bills on-line. As a part of the scheme, electorate paying their assets tax prematurely have been presented a rebate of 12 to 15 consistent with cent. Online bills by myself contributed Rs 519.26 crore, reflecting a rising shift towards virtual transactions.

Zone-wise, the western zone crowned the listing with collections of Rs 218.55 crore, adopted via the north-western zone with Rs 190.35 crore. The south-western zone contributed Rs 123.76 crore, and the central zone added Rs 112.18 crore to the AMC’s coffers.

Other contributions incorporated Rs 67.62 crore from the east zone, Rs 62.04 crore from the north zone, and Rs 60.28 crore from the south zone. In addition to assets tax, AMC accumulated Rs 44.89 crore in occupation tax and Rs 32.91 crore in car tax, bringing the whole earnings from all taxes to Rs 924.78 crore.

In earlier years, the Ahmedabad Municipal Corporation (AMC) has noticed a gentle upward thrust in assets tax collections underneath the Advance Property Tax Rebate Scheme. In 2023, the AMC accumulated roughly Rs 775 crore, with round 5.5 lakh taxpayers taking part within the scheme, together with 3.7 lakh on-line bills. The development has proven constant expansion — in 2022, the earnings stood at round Rs 700 crore, and in 2021, all through the height of the pandemic, the determine was once round Rs 650 crore, as virtual cost adoption surged.

Zone-wise collections have normally adopted a an identical trend over time, with the western and north-western zones contributing the best stocks because of upper assets values and tax compliance charges in the ones spaces.

The rebate presented has most often ranged between 10 consistent with cent to 15 consistent with cent, incentivising early bills. Alongside assets tax, the occupation tax and car tax collections have additionally larger incrementally, contributing to the AMC’s rising annual earnings from direct taxation.