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a. Due date for payment of property tax in BMC is 30th June
b. Penalty is charged at 2% per month in case of delay in payment beyond due date on the outstanding amount of property tax
a. Property exclusively used for public worship/charitable purpose
b. Properties belonging to Diplomatic or Consular Mission of a foreign State as specified by the Government
c. Houses/Flats measuring less 500 square feet are exempt from payment of property tax.
d.60% concession on property tax for flats/houses measuring between 500 to 700 sq ft
Income Tax Implications Remember to claim the municipal taxes paid during the year as a deduction from your house property income. Read more here