Digital Push, Rebates Help Surat Cross Rs 359 Cr In April Tax Collection

Surat: With the abolition of octroi, property tax has emerged as the Surat Municipal Corporation’s primary source of income. In a bid to encourage early payments, SMC announced rebates on seven types of taxes for April and May, a move that has seen over Rs359 crore deposited in April alone.

Every year, SMC offers a 10 per cent rebate on property tax in April and a 7 per cent rebate in May. An additional 2 per cent discount is granted for online payments, incentivising digital transactions.

This strategy has led to a surge in early tax payments, with 2.57 lakh property owneRssettling their dues in the first two months of the financial year.

According to officials, Rs100 crore in property tax was collected in just the first fortnight of April. In total, the municipality has given Rs18.72 crore in rebates during this period.