Delhi House Tax Relief: Delhi residents have received a major relief on house tax payments. The Municipal Corporation of Delhi (MCD) has introduced a new tax relief scheme under which taxpayers who pay their full property tax by the end of the financial year 2024-25 will get a complete waiver on their previous dues.
This scheme is designed to encourage timely tax payments while providing significant financial relief to property owners. Additionally, taxpayers who pay their property tax for FY 2024-25 on time will also receive benefits in the upcoming financial year (2025-26).
Who Will Benefit from the Scheme?
100% tax exemption for properties up to 100 square yards, including residential buildings and small commercial shops.
50% tax exemption for properties ranging from 100 to 500 square yards.
25% discount for residents living in housing apartments, benefiting more than 1,300 housing societies.
The proposal is expected to be presented in the Delhi Municipal Corporation’s (MCD) session on Tuesday for further approval.
Delhi MCD Has 12.6 Lakh Registered Taxpayers
As per municipal records, 12.6 lakh taxpayers are registered under the Delhi Municipal Corporation (MCD). AAP leaders Sanjay Singh, Durgesh Pathak, Mahesh Kumar Khichi, and Mukesh Goyal have backed the plan, stating that apart from tax relief, the permanent employment of temporary municipal workers is also a priority.
Special Tax Waiver for Housing Societies
Housing societies can avail 90% to 100% exemption if they pay their dues early.
A portion of the tax collected will be reinvested in the development of these societies by the MCD.
Opposition Criticism
Opposition leader Raja Iqbal Singh has raised doubts about the implementation of this scheme, calling it “hollow promises” by AAP. He claimed that no approval has been taken from the Delhi Finance Commission and other necessary committees before announcing the scheme.
