If you own a property in India, you know the importance of municipal tax here, as it has been recognized for years. This amount, which is to be paid annually to the local authority, is imposed by the government to generate money for the welfare of the public only. Well, the days when people used to travel to official government sites to pay such taxes are way behind us, as you easily make a municipal tax payment online with just a few taps on your smartphone. You just need to use the right app!
Municipal Tax, also known as Property Tax, is compulsory and enforceable by law and is further used to boost the economy and take the living standard of citizens to a higher level.
What is Municipal Tax?
Also known as house tax or property tax, this tax is charged by the Indian government annually on all tangible property an individual owns. Moreover, if you own a property and have further rented it to someone, you are supposed to pay the tax and not the tenant.
(Note: You can make Municipal Tax payment online quickly, which is highly advisable, and late payments might attract a fine.)
What is the importance of Municipal Tax?
Along with complying with the government norms, there are tons of important factors of municipal tax.
- If you plan to sell your property, you must first clear your pending tax payments.
- Receipts play an important role for the owner to prove ownership.
- When you want a loan from the bank against your property, a property tax receipt plays an essential role.
- Legal notice by the Income Tax Department will be served if you are unable to pay this tax.
How to pay municipal tax online?
Look around. Do you see any person without an internet-enabled mobile phone? No, right? Exactly. The possibilities are endless if you have a smartphone.
Step 1 – Download the Bajaj Finserv application on your Android/iOS device.
Step 2 – Sign up
Step 3 – Tap on View All under the Bills & Recharges section on the homepage.
Step 4 – You’ll see Municipal Taxes at the bottom.
Step 5 – Select the provider and enter the mandatory details.
Not only Municipal Tax, but this application can even be used for various other digital payments too. As the penetration of smartphones and the internet is witnessing a rise daily, one of the best answers to ‘How to pay municipal tax online?’ is quite clear. It can be done from anywhere at any time and, undoubtedly, helps in saving a lot of your precious time, energy and money.
Please don’t consider this article a promotional one, as I’m just sharing my personal experience so readers can better understand. Moreover, readers are free to choose an application of their own choice, but this one is relatively smooth and effortless, in my experience.