HYDERABAD: With Greater Hyderabad Municipal Corporation (GHMC) deciding to go for cashless transactions including payment of property tax, trade license fee and other fees under GHMC limits, the corporation proposes to bear charges incurred on the electronic transaction.
The GHMC has written a letter to the state government to allow the corporation to bear the charges incurred on electronic transaction instead of burdening the tax payers, GHMC commissioner B Janardhan Reddy said.
Addressing a press conference on Tuesday, mayor Bonthu Rammohan, along with the commissioner, said for paying property tax and other fees through digital transactions by debit or credit cards, a person has to shell an additional 2 to 3 per cent as transaction fee. Instead, the civic body proposes to bear transaction charges levied on the transactions.
As an incentive to encourage people to switch over to cashless transaction, the officials announced that a `5 lakh reward would be given after a draw of lots for online payment of property tax.
Presently, only 12 per cent people pay their taxes online and the municipal corporation wanted to increase this percentage to 70 to 80 by next year by initiating various measures.
The civic body has sent SMSes to 11 lakh tax payers after demonetisation and the same will be continued to get the tax payers pay taxes online. The `5 lakh cash prizes would be distributed every week for online property tax and trade license fee.