Property Tax & Different Methods Of Paying Property Tax

Any individual who owns a property in India must pay taxes based on the directives of relevant municipal authority. While different municipal authorities follow different methods of property tax calculation, most of them offer the option of online payment.

Municipal authorities of all major cities, as well as most towns, provide the option for owners to pay property tax online. Paying taxes under this method is easy and convenient.

Steps for online payment are explained underneath –

1. Individuals must visit the webpage of their local municipal authority.
2. They have to find the option for ‘Property Tax’.
3. Next, owners must select the category of their property. After selecting the property type, owners have to provide their ‘Property Number’.
4. The concerned property related details are displayed on this page. It is advisable to go through all these details carefully and check if there is an error.
5. The page also displays the outstanding tax amount. This should be cross-checked with the amount on a tax bill.
6. Typically, different online payment methods are offered and owners should avail the convenient one to clear their tax dues. Some of the municipal authorities have even incorporated wallet payment options for land tax online payment.

After payment, this receipt should be preserved for future reference. Additionally, this document is also crucial to file for tax benefits. For individuals living in locations where online payment method of property tax is not available, owners must fill in all relevant forms and pay the amount in a financial institution designated by the municipal body. This is typically a lengthier method.

In case anyone has availed a home loan or loan against property, the receipt is necessary to file for different tax benefits.

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