Property tax Payment
Property tax payment:
If you own a property in Bangalore and you are delaying to pay taxes later then it can be detrimental to you. You may have to pay a very high amount of money at once, because of the huge penalty amount. People are generally not aware of the penalty which applies to the property tax.
Secondly, the property tax is to be paid at the starting of the year and not at the end of the year. If the taxes are paid in time BBMP provides some rebate also, up to 5%. And each month delay can cost you up to 2% of the penalty. But there is an arrangement of paying the taxes in 2 parts in April and October.