Before diving deep into how to pay municipal tax online, it is important to understand what exactly municipal tax is. Known as Property tax, Municipal tax has been recognized across the globe for centuries now.
The government levies taxes on their citizens to generate income for further undertaking projects for an economic rise and to enhance the living standard of citizens. In addition, the money the state government generates through municipal tax is used for the development of amenities such as roads, maintenance of parks, schools etc.
With the increased penetration of internet-enabled devices and the onset of digitalization recently, there are platforms like Bajaj Finserv, which enable easy and hassle-free digital payments with just a few clicks. It is important to know here that you can choose to pay your property tax on an annual or half-yearly basis, as per your suitability.
What is Municipal Tax?
Like every other kind of tax, Municipal Tax is charged by the government on all tangible property (Physical real estate such as houses, office buildings or premises rented to third parties) an individual owns.
How is it estimated?
It is essential to know on what basis the tax on your property is calculated. Municipal tax is based on the property’s valuation and appraisal as per the locality in which a citizen resides. However, the amount varies depending on the facilities, amenities and other factors.
The manual method to calculate Municipal Tax is – Property’s base value X Building type X Age factor X Built-up area X Floor factor X Use category. However, you can also check Bajaj Finserv’s website to calculate it via a tool.
What are the different types of Property Tax in India?
The property tax amount is determined based on the type of property. The three types of properties are –
- Land – Initial form devoid of any construction.
- Personal Property – Can be movable assets like vehicles
- Development made to land – Anything built on the plot and immovable such as buildings etc.
How to pay municipal tax online on Bajaj Finserv App?
- Download the official ‘Bajaj Finserv: UPI, Pay, Loans’ application from Play Store/App Store.
- Log in with your official contact number.
- Under the Bills & Recharges section on the Homepage of the App, click on View All.
- Go to the bottom, and you’ll see Municipal Taxes.
Gone are the days when people used to travel to deposit municipal tax. With the onset of digitization recently, such tasks are just a single click away.
Especially for senior citizens who plan their visits to these offices are now able to fulfill the task efficiently. My grandfather, a smartphone user, didn’t know about this until I told him step by step how to pay municipal tax online. Not only does it save energy, but it also saves a lot of time, fuel and money.
The prime question ‘how to pay municipal tax online’ can simply be answered if one follows the steps mentioned above in the proper manner. As it is a sensitive and important matter, make sure you put out 100% correct information out there.
Meanwhile, it’s your duty to fulfil your taxes as they are not only a legal obligation but also a moral one. The tax you pay to your municipality is further used to deliver civic, social and infrastructure services. So good roads, better schools, hospitals and cleanliness are all interrelated with your property tax payments.