By G Saravanan
Published on April 1, 2010:
CHENNAI: For the first time in the history of Chennai Corporation, a total collection of its property as well as professional tax revenue reached the Rs 490-crore mark. Last year, the collection of these taxes stood at Rs.414 crore.
According to sources, the total revenue from these taxes have exceeded their own target for 2009- 10 and finally stood at Rs 490 crore. While the property tax collection for the year was Rs.363.83 crore, revenue collected under professional tax reached Rs.126 crore.
On the last day of the financial year, the local body had collected Rs.20 crore. It may be noted that the civic body had collected Rs.18 crore on the last day of last financial year (March 31, 2009).
For 2009-10, the civic body’s revenue department had fixed a target of Rs.350 crore for property tax collection, while Rs.101 crore has been fixed as target for professional tax.
The urban body had collected Rs.323 crore as property tax during 2008-09 against its target of Rs.290 crore. Likewise, for the same period, the Corporation collected Rs.91 crore as professional tax, thus making it to Rs.414 crore in total.
According to Corporation sources there were about 48,000 commercial buildings in the city and were subjected to pay commercial tax every six months. But during the last three to four years there have been reports of under assessment by several tax collectors across all the 10 zones of the Corporation and after the top brass cracked the whip against errant tax collectors the tax revenue had witnessed a steep rise.
Published on April 1, 2010:
CHENNAI: For the first time in the history of Chennai Corporation, a total collection of its property as well as professional tax revenue reached the Rs 490-crore mark. Last year, the collection of these taxes stood at Rs.414 crore.
According to sources, the total revenue from these taxes have exceeded their own target for 2009- 10 and finally stood at Rs 490 crore. While the property tax collection for the year was Rs.363.83 crore, revenue collected under professional tax reached Rs.126 crore.
On the last day of the financial year, the local body had collected Rs.20 crore. It may be noted that the civic body had collected Rs.18 crore on the last day of last financial year (March 31, 2009).
For 2009-10, the civic body’s revenue department had fixed a target of Rs.350 crore for property tax collection, while Rs.101 crore has been fixed as target for professional tax.
The urban body had collected Rs.323 crore as property tax during 2008-09 against its target of Rs.290 crore. Likewise, for the same period, the Corporation collected Rs.91 crore as professional tax, thus making it to Rs.414 crore in total.
According to Corporation sources there were about 48,000 commercial buildings in the city and were subjected to pay commercial tax every six months. But during the last three to four years there have been reports of under assessment by several tax collectors across all the 10 zones of the Corporation and after the top brass cracked the whip against errant tax collectors the tax revenue had witnessed a steep rise.
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