MCD Property Tax – Calculation ,Online Payment, Past Payment Receipts & Other Relevant Info
MCD (Municipal Corporation of Delhi) Property Tax is the property tax that is to be paid by the residents of the state of Delhi for their house. It is also called the house or home tax and it is paid for owning a residential property. Paying tax is important and it is best that the tax is paid before the due date. This will also provide you some amount of rebate.
The last date for availing the 15% rebate on the tax June 30, 2016. Now this benefit is given o Delhi house owners who pay their tax well before time. For the entire property owner this is a beneficial offer and so it is best that you pay the tax within 30th June this year.
Now paying the property tax can be time consuming, if you are not well aware of the process. But if you have paid it last year then you will be aware of the process, and the payment can be done in no time. Here are some important things that you should know if you are paying property tax for the first time.
|S.No||Things need to know about Property Tax In India||Detailed Explanation|
|1||What is property tax and who collects it?||Property tax is one among the important taxes which are collected by local state government over the immovable asset like houses or buildings, lands and so.|
|2||Whether Property tax collected by all nations around the globe?||Yes! In an survey it is mentioned as most of the countries are truly rely on their property taxes in order to improve the nation’s infrastructure|
|3||Basic Truth of Collecting Property Tax by local government||Property Tax plays important role in state’s revenue generation and it is used majorly for improving civil services in the city or state.|
Municipal Corporations in Delhi
The national capital Delhi is itself divided into three territories named as North, South and East. All those three territories have separate municipal governance NDMC, SDMC and EDMC by which all those civil service improvements are carried in national capital. So if you are a house owner in Delhi, you property will belong to one of three municipalities. Now among these three municipalities, only SDMC and EDMC have the option of paying the property tax online. The website of NDMC has been suspended for a while due to some maintenance work, so the NDMC residents have to pay the property tax in the office. The tax rebate benefit will also be given to the residents of NDMC who will pay their property tax in the NDMC office on and before 30th June.
For paying and calculating the tax amount payable, you first need to know the municipality under which you house falls. In case you do not know, then you ca visit the MCD website for getting the details about your jurisdiction. When you visit the MCD website you will be able to find the list of colonies listed under each of the three municipal zone (NDMC, SDMC and EDMC).
Property Tax calculation
Now the next step is to calculate your property tax. For doing this again you will have to visit the Delhi Government website where you will find and option that reads ‘Calculate your House Tax’. Once you click on the above mention link, choose your municipality. Then you will be provided with a list of terms and conditions. It is best that you take a few minutes reading it. Once done, check the T&C box and click on the tab which read, ‘pay property tax’ for the financial year 2016-17.
|S.No||All you need to know about MCD property tax||Detailed Information|
|1||What is MCD Property Tax?||MCD Property: Municipal Corporation of Delhi Property tax literally known as house tax among the Delhi resident. Where Delhi property owners need to pay taxes for their owned property within Delhi limits.|
|2||Is there any online payment mode available for Delhi resident to pay their property tax this year?||Yes! Delhi government offered online payment mode for property tax payers where one can able to register in http://www.mcdonline.gov.in/ and pay their respective tax by selecting the specific location where their property located.|
|3||Is there any advantage of paying property taxes in online mode?||Yes! By using online tax payment mode, Delhi resident may save lot of time. If you are paying property taxes for the first time, then it will be just 5 minutes to pay in online. But if you prefer to pay in traditional way it will take more of your precious time.|
|4||Is there any fixed date announced by Delhi government in order to avail any property tax rebate this year.||As per the stats released by Delhi government, Delhi people who pay their property taxes within 30th June of 2016 will be able to get 15% of their tax rebate from their net tax payment.|
|5||How property taxes are calculated?||In Delhi property taxes are calculated on basis of its annual value, where property’s annual value depends upon the multiple factors like coverage area, area value, Age terms, usage period, building structure and so.|
|6||Is there any special for of tax rebate available in this year’s property taxes?||No special rebates are offered in property tax apart from 30% for senior citizen, ex-servicemen, physically disabled person and women.|
|7||What kind of benefits one can avail by pay MCD property tax in online mode?||Delhi resident who pays via online will able to retrieve previous tax receipt in online, which will be useful to keep track their property tax amount. Moreover, online payment will consumes less time and give the pleasure of paying property tax from anywhere.|
Property ID for paying Tax online
One needs to have a Property ID or a Ledger Folio Number in order to pay property tax online. You must have got it while you registered your house, anyways you can get your Property ID in your respective municipal corporations. You might just check your previous years’ challans or receipts to get your Property ID.
UPIC or the Unique Property Identification Codes has been issued by the SDMC to its residents from 2015 in order to make the online payment procedure easier. While you pay your tax this year, you will have to pay Rs35 extra for your UPIC card. The cards will be delivered to your within a few days of your application.
Use Factor and Property Tax Rates
So now when you have selected your municipality, you need to enter your Property ID after which you will be taken to a page where you have to fill in your details such as name, age, etc. and then enter your property details. You also have to know that a residential flat that is self-occupied will take less tax whereas a let our flat or flat being used for commercial purpose will be charged higher tax. Also the area on which your residential property is located will determine the amount of tax that you pay. A property located in a posh area will be charged extra tax.
The areas in each of the municipalities has been divided into eight categories (A to H) based on their location. Houses falling under A Category will have to pay more tax when compared to Category B. Also the tax to be calculated will depend on the annual value of the property. For calculating the Annual Value of your property, you just need to fill in certain property details, and the calculation will be done automatically. Other calculations such as amount rebate, online payment rebate, etc. will be done by the system automatically.
Extra rebate to certain category of people
When it comes to rebate on property taxes, property owned by senior citizen, physically disabled person, or by women will be able to avail 30% of rebate from the lump sum of property tax amount of state government. Also the DDA and CGHS residential flats will be given an extra 10% rebate for houses with build-up area of 100 square meters. Also the group housing flats will be given a extra rebate of 20% until the 30th of June.
Payment of tax
Now once you have entered all the required details and selected any particular category that you fall into, and also your tax amount has been calculate, you can proceed with the payment. You just need to select the payment method and pay the amount that is to be paid. Once the payment has been done successfully, you will be directed to close the window. But it is necessary to have a receipt of your payment. You will find a link reading ‘Payment Receipts’. From that link you can both download the receipt and save it in your system or you can print it. With this your house tax payment is complete.
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