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  • Property Tax Pune

    Pune Municipal Corporation Property (PMC) Tax:

    Property tax is the second largest source of revenue in Pune. Pune Municipal Corporation is solely responsible for levying and collecting property tax payment in Pune. PMC cover more than 6 lakh properties in its purview. Pune has online as well as offline property tax payment facility. The website can be viewed in the local language as well as in English.

    Since 1950, Pune Municipal Corporation has been administering the city and serving the citizens. PMC has taken the initiative for implementing e-Governance. Property tax is levied on a person’s personal property. The property tax are charged on residential house that is either self-occupied or let out, office building, factory building, godowns, flats and shops.

    Pimpri Chinchwad Municipal Corporation Property Tax Pune:

    Pimpri Chinchwad Municipal Corporation is a Municipal Corporation in the city of Pimpri-Chinchwad which is the Urban Agglomeration of Pune. It provides the following services to its citizens: water supply, public health- a solid waste management, sewage and drainage, road and building maintenance, electricity, licenses, education, renting Municipal property, birth and death registration, vaccination, miscellaneous services, food adulterate control certificates and building permission. It also provides various schemes to its citizens as well.

    Property tax bills can be paid at Pimpri Chinchwad Municipal Corporation. The taxpayer can pay the bill through cash at the respective ward office and by cheque or money order or demand draft that is to be drawn in the favour of “Commissioner, Pimpri Chinchwad Municipal Corporation, Pimpri, Pune-18”. You need to specify your property tax number and contact number at the back of the cheque.

    Property Tax Calculator Pune:

    Pune Municipal Corporation offers an online calculator for you to self-assess your property tax. You will have to enter the following details:

    • Location
    • Area
    • Usage
    • Type
    • Total plinth area
    • Construction year

    You will also get a step-by-step guide to make payments. The property tax can be paid in any Cosmos and HDFC Bank in Pune by cash or by cheque. Net banking option will enable you to save money and avoid extra charges.

    Online payments through credit cards, debit cards and cash cards, the additional charges to the amount due are:

    • Visa/ Master credit or debit card: 1 percent of the transaction amount plus service tax
    • Maestro Cards: 1.8 percent of transaction amount plus service tax
    • American Express Cards: 1 percent of transaction amount plus service tax
    • Tax diners: 4 percent of transaction amount plus service tax
    • Prepaid cash cards: 4 percent of the transaction amount plus service tax

    There is no additional charges to the amount due if the payments are made through internet banking. Do not attempt for a second transaction unless you have checked if the amount has been debited from your account. At times, there is a good chance that the information has not been updated on the PMC website.

    If you want to manually calculate the property tax, then you can use the following formula:

    Property Tax = Capital Value X Rate of Tax

    Where, Capital value = Base value X Built-up area X Use category X type of building X age factor X Floor factor

    The property tax can be paid at any of the ward offices or PMC Sampark offices or at all the HDFC and Cosmos Bank branches in PMC limit. The amount can be paid through cheque, demand draft and money order. It is to be drawn in the favour of “The Assessor and Collector of Tax, P.M.C. Shivajinagar Pune - 411005”. Remember to mention the property tax number and contact number at the back of the cheque.

    To make online property tax bill payment, got to http://www.punecorporation.org/ . Then you need to click on the ‘pay your property tax online (secured transaction)’ on the homepage of the website. Then you need to enter your property tax number to view and pay the bill. Then enter your mobile number and email id. You can make use of your debit card, credit card, cash card and internet banking to make the payment.

    PMC offers rebates in property tax for properties owned by women and ex-servicemen. It offers 10 percent discount to taxpayers who clear their property tax dues between April 1st and May 31st for tax amount not exceeding Rs.25,000 and a 5 percent discount for those whose tax amount exceeds Rs.25,000. Pune citizens are charged a 2 percent fine per month in case of delay in the payments. This can accumulate to 24 percent in a year. The taxpayer has to pay the property tax bill before 30th June of every year to avoid penalty.

    Paying Pune Property Tax in Online:

    Taxpayer can pay the bill online at the Pimpri Chinchwad Municipal Corporation website: https://www.pcmcindia.gov.in

    You need to click on the ‘property and water bill tax’ on the home page. Then click on the property bill, enter your zone number, Gat. Number and milkat number to show and pay the bill. Then click on the payment tab and enter your mobile number and email id. You can use debit, credit or cash cards or even opt for internet banking to make the payment.

    News About Property Tax Pune

    • PMC Property Tax Squad to Drive Tax Collection in Pune

      Pune property tax department, known as PMC created a ta recovering squad. The drive will include 125 people for special tax inspectors as per the PMC issued press release. Based on their statement the drives even include five music bands. There will be 2 senior tax recovery officers who have the tasks of coordinating all the actions necessary in the city with the other staff members. The tax department have designated these officials as assistant chiefs as well as twelve regional inspectors in the team.

      17th November 2016

    • PMC to finalise on property tax discounts for IT firms

      The Pune Municipal Corporation (PMC) is soon expected to provide the final word on property tax rebate for Information Technology firms in the city. The decision will be taken at the general body meeting of the PMC, that has been called to discuss issues awaiting settlement.

      The meeting was scheduled to be held on the 15th, but has been postponed to a later date. If the proposal is approved, IT and ITES firms that have started operations in the city between 2010 and 2015 will benefit from property tax rebates.

      IT firms that were operational before 2010 have been availing tax rebates since last year. These firms pay taxes according to residential rates, but companies that started out after 2015 pay taxes on commercial rates. As per the civic administration, 229 properties are currently paying higher taxes.

      After the proposal is approved, the property tax income of the PMC will reduce by Rs. 3.80 crore to stand below Rs. 20 crore in total.

      24th October 2016

    • PCB in rough waters over delay in issuing property tax bills

      The Pune Cantonment Board (PCB) has been questioned by the PDDE over delay in the dispatch of property tax bills for the financial year 2015-16. Property taxes account for Rs. 17 crore of revenues for the PCB every year. The board is also known to invest these funds in various schemes for the accrual of substantial amounts of interest annually.

      As per PDDE instructions, all property tax bills were to be dispatched by the end of May. However, this was not initiated until the beginning of October. The delay was identified by the directorate in August and they had raised queries to the PCB on the same. PCB officials had stated that the ongoing triennial assessment was one of the reasons behind the hold up. The previous chief executive officer being on medical leave also delayed the assessments to a certain extent.

      The new CEO of PCB, DN Yadav, has confirmed that the dispatch of bills has commenced from the beginning of October. He also stated that the board will be introducing online tax payments in the current payment cycle.

      21st October 2016

    • Pimpri Chinchwad Municipal Corporation Nets Property Tax worth Rs 243 Crore

      Pimpri Chinchwad Municipal Corporation or PCMC has managed to collect Rs 243.05 Crore in property tax during the first half of the fiscal year. About 2.33 Lakh people paid their property tax and from the total collect close to Rs 63.20 Crore was collected through online payments. PCMC had also advised residents to be prompt on their payments lest they incur a 2% penalty per month starting from the month of October. The annual budget target for property tax collection was set at Rs 546 Crore and there are close to 4.38 Lakh properties that are registered in the city.

      7th October 2016

    • Pune Municipal Corporation to give discounts on penalties

      The Pune Municipal Corporation has extended its amnesty schemes and has offered another chance for tax defaulters and owners of unregistered properties to come clean. For those who pay their property tax dues by the 15th of November 2016, a discount of 75% on the penalty amount is given. Taxes paid by owners of illegal properties will receive a discount of 50% on the penalty amount if they pay the dues by 31st December 2016. According to the data of the PMC, close to 2.82 Lakh people are still to pay their taxes and the amount to be recovered from defaulters is close to Rs 2100 Crore

      6th October 2016

    • Property Tax Up in Pune thanks to Tax Amnesty Scheme

      Thanks to the Tax amnesty scheme allowing property owners to disclose changes made to their property and changes in use of their property or unregistered properties without being penalised, the Pune Municipal Corporation (PMC) stands to make nearly Rs 50 Crore. And while close to 10,000 properties were added under the tax ambit, the number of properties that haven’t yet been added to the PMC net stands at 83,000 properties.

      The unassessed properties were identified after the administration analysed data of number of constructions and the number of registrations with the tax department. Activists feel that not identifying these properties in the first place was a failure on the part of PMC and that they need more cohesion between the building departments and property tax departments.

      1st October 2016

    • Initiation of GIS Done By PMC

      PMC states that the tagging system will be able to generate ample revenue and also identify all the unassessed lands which are under its own jurisdiction. Pune Municipal Corporation also known as PMC came up with the decision to initiate geographical information system (GIS) in order to tag properties delayed by more than a year. I t has been launched on Monday while it however will take approximately 9 months in order to put the system in place with the aid with the help of 2000 men.

      27th September 2016

    • PMC recommends waiving off property tax for ex-defense staffs and war widows

      Pune Municipal Corporation (PMC) recommends to keep the war widows and ex-defense personnel out of property tax compass. This was debated yesterday. Those who have displayed extraordinary courage in army/navy/air force and have received bravery accolades will be freed from shelling out property tax. Same goes for war widows as well. PMC reiterates this as a small token of gratitude towards those who sacrificed their lives for the nation.

      4th August 2016

    • Pimpri-Chinchwad Municipal Corporation Collects Rs. 2 Crore Less Property Tax Than Last Fiscal

      The property tax collection of Pimpri Chinchwad Municipal Corporation (PCMC) has dropped by Rs. 2 crore compared to the previous fiscal, as on June 30.

      There has been a slight rise in the number of property owners who had paid advance tax, with 1.83 lakh taxpayers paying advance taxes to the tune of Rs. 166.87 crore till June 30. In the same period last year, 1.79 lakh taxpayers had paid a total of Rs. 168.48 crore as tax.

      The reason is attributed partially to non-payment of tax by property owners who had to pay arrear and additional tax for expanding their existing properties. Bhanudas Gaikwad, assistant commissioner and chief of property tax department, urged those who have to pay penalty to pay their entire dues by September 30. IF they fail to pay the tax, they will have to pay an interest of 2% per month on the penalty they are supposed to pay.

      15th July 2016

    • Pune Municipal Corporation Records Highest Property Tax Collection Online

      The PMC (Pune municipal Corporation) has collected Rs.142 crores of property tax through the online payment mode. In just under two and half months, the corporation collected this amount compared to Rs.160 crores last year through the online mode. It must be noted that, online property tax collection system was launched three years ago.

      A little over 1.16 lakh property tax assesses in the corporation limits used the online channel to remit property taxes. For 2016-17, the Revenue Department has set a target of Rs.1,445 crores. It must be noted that the tech-savvy corporation has also introduced mobile based apps for payment of taxes on various platforms. Overall, it has helped both citizens and the administration to save time and money since payment over the portal requires little maintenance.

      1st July 2016

    • Pune Taking To Online Payment Of Property Tax

      The Pune Municipal Council (PMC) has collected Rs.142 crore as property tax through online payments in just 2.5 months. Suhas Mapari, head of PMC’s property tax department, said the online property tax collection stood at Rs.160 crore for the whole of last year.

      Online property tax payment option was launched in Pune 3 years ago, but this is the first time that citizens have taken it to so heartily. Around 1.16 lakh taxpayers out of 7.98 lakh properties paid the amount online. So far, PMC has collected Rs.431 crore as property tax. It hopes to collect Rs.1,445 crore during the whole of 2016-17.

      Online payment option has saved the department both time and money, Mapari said, and appealed to more people to use the technology-friendly option.

      22nd June 2016

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