Telangana Government Announces 90% Property Tax Interest Waiver Under One Time Scheme (OTS)

The Government of Telangana has introduced a significant relief measure for property taxpayers in Greater Hyderabad Municipal Corporation (GHMC) limits. A new One Time Scheme (OTS) has been approved, allowing a 90% waiver on accumulated arrear interest on property tax, applicable till the financial year 2024-25. This scheme provides a much-needed opportunity for taxpayers to clear their pending dues with a substantial reduction in additional financial burden.

Key Highlights of the One Time Scheme (OTS)

1. 90% Interest Waiver on Arrears

• The scheme offers a 90% waiver on accumulated arrear interest on property tax.

• Taxpayers need to clear the principal amount of property tax dues for the financial year 2024-25 in a single payment.

• Additionally, they need to pay only 10% of the interest on accumulated arrears to avail of this benefit.

2. Applicability and Eligibility

• The waiver applies to all properties under GHMC jurisdiction that have pending tax arrears.

• Taxpayers must pay their dues in one go to be eligible for the scheme.

3. Adjustment for Previously Paid Penalties

• Property owners who have already paid interest or penalties up to March 2025 during the current financial year before the scheme was announced will also benefit.

• 90% of the previously paid penalties or interest will be adjusted against future tax payments.

4. Government’s Directive to GHMC

• The Commissioner of GHMC has been directed to implement the scheme efficiently and ensure necessary actions are taken for its smooth execution.

Why This Scheme Matters?

This initiative by the Telangana Government provides huge financial relief to property owners in Hyderabad, especially at a time when economic fluctuations have made tax payments challenging. By reducing the interest burden, the scheme encourages taxpayers to clear their pending dues without excessive penalties.

How to Avail the OTS Scheme?

• Property owners must clear their principal tax dues along with 10% of the interest in a single payment before the deadline.

• Payments can be made through GHMC online portals, MeeSeva centers, or GHMC offices.

• Those who have already paid penalties will get adjustments in future payments.

Conclusion

The One Time Scheme (OTS) is a golden opportunity for property taxpayers in Hyderabad to settle their dues with a massive 90% interest waiver. The initiative not only benefits taxpayers but also helps GHMC improve its revenue collection, ensuring better civic infrastructure and services in the city.

If you have outstanding property tax dues, act now and take advantage of this limited-time offer!

For more details, visit the GHMC website or contact your nearest municipal office.

By Venkat Raj, CEO, Sri Maatha Infra Developers

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