One Time Scheme

Telangana Government announces One Time Scheme for the Property Tax Payers in the State

On July 28, 2020, the Telangana government announced One Time Scheme. This scheme is mainly for the property tax payers in the state. Under this scheme the tax accumulated arrears/ dues are exempted up to 90% and now the tax payers are required to pay only 10% of the dues. In this crucial period of financial crisis, this scheme has come up as a big relief to the property tax payers. It is applicable to all the non-government properties across the state.

Overview:

Scheme name:One Time Scheme
Scheme Under:Telangana Government
Eligible Beneficiaries:Property tax payers across the state
Scheme Duration:August 1 – September 15

Scheme Objectives:

  • The main objective is to provide a relief to the tax payers to overcome the financial crisis.
  • It aims to motivate the property tax payers to pay and get all the dues cleared
  • It aims to ensure adequate funds for all the ULBs
  • It also aims to stabilize the economy of the state in the long run.

Scheme Benefits:

  • This scheme will help the property tax payers to pay the principal amount with only 10% of the accumulated dues, interest. 90% of the burden of dues is relieved.
  • It will help the tax payers to finish off the payment without any financial burden.
  • This scheme benefits will be available for all the Urban Local Bodies (ULBs) including Greater Hyderabad Municipal Corporation (GHMC)

Eligibility Criteria:

  • All the property tax payers across the state

Key Points:

  • This scheme will be effective from August 1, 2020 to September 15, 2020 in all the ULBs of the state including GHMC
  • This scheme will help the taxpayers to clear the tax dues till 209-20 along with 10% interest
  • Prior to scheme formulation, Total 5.64 lakh properties were assessed and then total arrears were calculated as Rs. 1,477.86 Cr. from last 2 decades and interest accumulated was Rs. 1017.76 Cr.
  • Reasons for such arrears were found as over tax assessment, vacancy of premises, family disputes, dilapidated structures etc.
  • Municipal Administration and Urban development (MA&UD) department instructed the GHMC and other Commissioners have been instructed to conduct wide publicity campaigns to create awareness about the scheme

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