PMC Property Tax in Pune

A direct tax levied on houses, offices, shops, etc., is known as property tax. Similarly, Pune residents have to pay this tax to the Pune Municipal Corporation.

Several factors like providing basic amenities, construction of schools, improved sanitation and more, justify the collection of property tax by Pune Corporation.

Therefore, we present a comprehensive guide on Pune Corporation tax by giving insights on its calculation and payment in this piece.

Check out some details!

How is property tax calculated in Pune?

The PMC is said to cover over 10 lakh properties, including residential properties and vacant lands. For tax calculation, the corporation uses a capital value-based system and assesses the property's carpet area.

One can manually calculate PMC property taxes by using the following formula:

Property Tax= Capital Value * 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 tax rates for different properties are available online. Furthermore, the capital value is different for self-occupied and let-out properties. For let-out properties, it will be equal to the rent received or the maximum municipal valuation as per the Income Tax department of India's decision.

In addition to this, one can use a PMC property tax calculator for self-assessment of property tax. Upon opening the calculator page from the PMC online portal, one will need to enter the following details:

Location
Property type
Carpet area
Usage of property
Year of construction
Total plinth area

Therefore, using a property tax calculator in Pune by following the above procedure simplifies the tax payment process.

To use the Pune property tax calculator, take a look here Web Link.

How to initiate PMC tax payment?

Property owners in Pune can clear tax dues in the online and offline modes. PMC property tax online payment is easy and hassle-free if one follows the right procedure. However, one can pay property tax by Pune Corporation in offline mode by visiting respective ward offices.

Therefore, we have explained both the procedures in a step-by-step manner for seamless Pune property tax payment.

Steps to follow to pay PMC property tax online

Given below is the right approach to follow for PMC tax payment online.

Navigate to the Pune Municipal Corporation official website PMC.
From the online services drop-down menu, select "Pay Property Tax."
You will land on an external page where you need to fill up the required fields.
Before online payment, you should keep all your property documents handy to avoid any mistakes. Mention the property type, section ID, and account number in the respective fields.
In the next section, you will have to fill up your details like your name, address, ward, property description, etc.
Finally, enter the amount you are paying, your mobile number, and email ID, and select the respective payment gateway.
You can make the payment via credit/debit cards, UPI, or net banking as you seem fit.

Note: There are no additional charges if you opt for net banking. In the case of credit/debit cards, there will be some additional charges and service tax.

Steps to follow to pay Pune property tax offline

Apart from paying Pune property tax online, one can follow an offline payment procedure to clear tax dues.

As a first step, one needs to visit any one of the following places for tax payment in offline mode.
- PMC ward office
- Citizen's facilitation centre under PMC
- Authorised bank branches of Cosmos, HDFC, ICICI, or Bank of Maharashtra
- Self-pay tax payment kiosks
One can pay the tax amount in cash or cheque or demand draft.
The cheque or demand draft has to be drawn in favour of "The Assessor and Collector of Tax, PMC Pune."
Finally, one can proceed with the payment by either depositing the cash or submitting the demand draft or cheque.

Note: There are 30 ward offices under PMC in Pune; you can visit the one at your nearest location.

When is the last date for paying property tax in Pune?

One can pay the property tax of Pune Corporation within 31st May for the first half-year (from 1st April to 30th September). Property owners must pay the other half by 31st December for the second half-year (from 1st October to 31st March). In case of payment after the PMC property tax due date, a penalty of 2% is charged per month from 1st July for the first half-year and 1st January for the second half-year.

Furthermore, if one pays the total property tax in Pune before the last date, there will be tax rebates as following:

Owners of residential or non-residential properties can enjoy a 10% discount if the annual value is up to Rs. 25000. If the annual value is more than Rs. 25000, owners can get a 5% discount.
Residential properties with vermiculture, solar, and rain-water harvesting can get a 5% discount on municipal tax for any one of these facilities and a 10% discount for two of these projects.

How to get a PMC property tax receipt?

After successful payment of the tax, one can download the PMC property tax online payment receipt from the official website of Pune Corporation by entering the necessary details. If tax owners wish to view their previous Pune Municipal Corporation property tax challan, they can do so by clicking on the "Tax Receipts" option from the website.

To avoid any future confusion regarding tax payment, it is advisable to collect the Pune corporation property tax receipt.

Concessions and exemptions from property tax by Pune Corporation

Following properties and property owners can enjoy tax exemption under PMC.

Religious places and charitable institutions are exempted from tax payments.
Freedom fighters, their families, ex-servicemen, and women can receive 50% concession on property tax under Pimpri Chinchwad Municipal Corporation.
Residential owners with more than 40% disability can get a 40% rebate on taxes.

Therefore, with the above considerations, property owners in Pune can have hassle-free payment for PMC property tax online or offline.

Moreover, the civic administration plans to give a 15% discount on property tax by Pune Corporation to diligent taxpayers for the fiscal year 2021-2022. (1). Thus, this guide will help the taxpayers in Pune to ease up their payment procedure effectively. Also, don’t forget to collect your PMC tax payment receipt.

Frequently Asked Questions

✓ What are the documents required for the assessment of property tax in Pune?

The following documents are necessary for property tax assessment:

Documents that establish ownership like sale deeds or city survey extract.
Occupancy certificate.
Building completion certificate

✓ How can I collect the property tax bill after offline payment?

You can collect the property tax bill from the respective ward office.

✓ How long does it take to complete the procedure of property ownership transfer?

Ideally, it takes 15 days to complete the transfer of property ownership. However, it may be delayed if there are any objections raised.