In a big relief to the citizens of Punjab, the State Government on Thursday announced to extend the deadline for a period of three months to pay the outstanding house tax or property tax without any penalty.
“The Government has decided to partly exempt a class of persons from the payment of certain charges levied under the Punjab Municipal Act, 1976,” announced the state Local Bodies Minister Brahm Mohindra.
Mohindra said that now the property holders may pay the outstanding house tax or property tax within three months with certain conditions.
The persons who had failed to deposit the house tax or the property tax as the case may be, levied under the Act within the time specified may now deposit the principal amount in lump-sum with the rebate at the rate of 10 percent of the amount being deposited within a period of three months from the date of issue of the order as a onetime settlement; and penalty at the rate of ten percent on the said amount within the period of next three months.
Mohindra said that the persons, who still fail to deposit the due amount as above, within the period and the manner specified above, shall be liable to pay a penalty at the rate of 20 percent on the amount due along with interest at the rate of eighteen percent from the date it became due till the date of its realization.
The Minister said that the Government’s decision, on one hand, will give a big relief to such property holders or owners who missed the timeline to pay the house tax or property tax and whose property has been sealed by certain Urban Local Bodies as penalty.