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    HomeHyderabadHyderabad's GHMC Achieves Milestone by Collecting Rs 1601 Crore in Property Tax...

    Hyderabad’s GHMC Achieves Milestone by Collecting Rs 1601 Crore in Property Tax in One Year

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    Hyderabad’s Greater Hyderabad Municipal Corporation (GHMC) has achieved a significant milestone by collecting Rs 1601 crore in property tax in one year. This achievement is a testament to the GHMC’s efforts to streamline the property tax collection process and encourage citizens to pay their taxes on time.

    The GHMC is responsible for the administration and management of the city of Hyderabad. One of its key functions is the collection of property tax from citizens who own properties in the city. Property tax is a crucial source of revenue for the GHMC, as it funds various civic projects and services such as road maintenance, garbage collection, and public parks.

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    Over the years, the GHMC has faced challenges in collecting property tax from citizens. Many citizens have been reluctant to pay their taxes, either due to a lack of awareness or because of the cumbersome process involved in paying taxes. In response to these challenges, the GHMC has implemented several measures to simplify the tax collection process and encourage citizens to pay their dues.

    One of the key measures implemented by the GHMC is the introduction of online payment portals. Citizens can now pay their property taxes online, using their credit or debit cards or net banking facilities. This has made it easier for citizens to pay their taxes from the comfort of their homes or offices, without having to visit the GHMC offices in person.

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    The GHMC has also introduced various incentives and discounts to encourage citizens to pay their taxes on time. For instance, citizens who pay their taxes before the due date are eligible for a 5% discount on their tax amount. Similarly, senior citizens and physically challenged citizens are eligible for a 50% discount on their taxes.

    The GHMC’s efforts to streamline the tax collection process and encourage citizens to pay their dues have paid off in a big way. The collection of Rs 1601 crore in property tax in one year is a testament to the GHMC’s success in this regard. This amount is a significant increase from the previous year’s collection of Rs 1250 crore.

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    The GHMC’s achievement is not just a matter of revenue collection. It is also a reflection of the city’s growth and development. The revenue generated from property taxes is used to fund various civic projects and services that improve the quality of life for citizens. These include the construction of new roads, the maintenance of existing infrastructure, the provision of clean water and sanitation facilities, and the development of public parks and green spaces.

    In conclusion, Hyderabad’s GHMC has achieved a significant milestone by collecting Rs 1601 crore in property tax in one year. This achievement is a testament to the GHMC’s efforts to streamline the tax collection process and encourage citizens to pay their dues on time. It is also a reflection of the city’s growth and development, as the revenue generated from property taxes is used to fund various civic projects and services that benefit citizens. The GHMC’s success in tax collection is a positive sign for the city’s future, as it indicates that the city is on a path of sustained growth and development.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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