Rajasthan Offers 100% Rebate on UD Tax Interest if Filed by March 31
ECONOMY & POLICY

Rajasthan Offers 100% Rebate on UD Tax Interest if Filed by March 31

To encourage timely payment of urban development (UD) tax, the local self-governance department has announced a 100 per cent rebate on interest for those who pay their UD tax in lump sum for the year 2023-24. However, this benefit will only be available to those who submit the payment by March 31.

Additionally, for lump sum payment of pending UD tax from cases before 2011-12, a 50 per cent discount on the principal amount, along with exemption from penalties, has been offered. For house tax, a 50 per cent discount on the principal and a 100 per cent discount on interest have been provided.

Urban development tax applies to all residential units or land over 300 square yards and to commercial, institutional, and industrial units larger than 900 square feet.

Kumar Pal Gautam, Director of the local self-governance department, stated that these exemptions would remain in effect until March 31. He also warned that if defaulters fail to pay their dues on time, even with these exemptions, action would be taken against them. However, he clarified that cases related to tax already paid would not be reopened, nor would any amounts deposited be refunded.

To help urban bodies meet their tax collection targets, the state government provides annual exemptions on UD tax and house tax. Despite these efforts, civic bodies typically fall short of meeting their targets by the end of the financial year.

As the financial year 2024-25 progresses, revenue officials have begun inspecting properties with significant unpaid taxes, alongside private firms contracted by the municipal corporation for tax collection from residents. In the coming months, zone-wise camps will be set up throughout the city for UD tax collection, along with special camps for marriage gardens to collect tax. In the previous financial year (2022-23), JMC Greater collected a total of Rs 690 million from UD tax, house tax, and advertisement tax.

To encourage timely payment of urban development (UD) tax, the local self-governance department has announced a 100 per cent rebate on interest for those who pay their UD tax in lump sum for the year 2023-24. However, this benefit will only be available to those who submit the payment by March 31. Additionally, for lump sum payment of pending UD tax from cases before 2011-12, a 50 per cent discount on the principal amount, along with exemption from penalties, has been offered. For house tax, a 50 per cent discount on the principal and a 100 per cent discount on interest have been provided. Urban development tax applies to all residential units or land over 300 square yards and to commercial, institutional, and industrial units larger than 900 square feet. Kumar Pal Gautam, Director of the local self-governance department, stated that these exemptions would remain in effect until March 31. He also warned that if defaulters fail to pay their dues on time, even with these exemptions, action would be taken against them. However, he clarified that cases related to tax already paid would not be reopened, nor would any amounts deposited be refunded. To help urban bodies meet their tax collection targets, the state government provides annual exemptions on UD tax and house tax. Despite these efforts, civic bodies typically fall short of meeting their targets by the end of the financial year. As the financial year 2024-25 progresses, revenue officials have begun inspecting properties with significant unpaid taxes, alongside private firms contracted by the municipal corporation for tax collection from residents. In the coming months, zone-wise camps will be set up throughout the city for UD tax collection, along with special camps for marriage gardens to collect tax. In the previous financial year (2022-23), JMC Greater collected a total of Rs 690 million from UD tax, house tax, and advertisement tax.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement