Telangana One Time Scheme 2024:Telangana government has issued orders for the One Time Settlement scheme for clearance of property tax arrears in Greater Hyderabad Municipal Corporation (GHMC) and other urban local bodies across the State.Accordingly, the government has offered a waiver of 90% on the interest charged on accumulated arrears of the property tax, provided the tax payer clears the principal amount along with the remaining 10% interest till the financial year 2022-23 at one go. The offer is applicable to private as well as government properties existing in the limits of GHMC and other ULBs.
The state govt on Wednesday issued a GO ordering waiver of 90% on interest charged on accumulated arrears of property tax.The waiver is applicable to both private and government properties within the Greater Hyderabad Municipal Corporation (GHMC) limits as well as other ULBs under the ‘One Time Scheme’ (OTS).To avail the benefit, taxpayers must clear the principal amount of property tax dues until the financial year 2022-2023, along with a one-time payment of 10% interest on accumulated arrears.
Telangana One Time Scheme 2024
The state government has ordered the implementation of ‘one time scheme’ (OTS) in all the urban local bodies (ULBs) of Telangana state including the Greater Hyderabad Municipal Corporation (GHMC).Under the OTS the government ordered a waiver of 90 per cent on accumulated arrears interest on property tax, provided taxpayer clear the principal amount of dues till the financial year 2022-2023 together with 10 per cent of interest at one go. The OTS applies to private and government properties.
The scheme’s benefits will also be extended to those taxpayers who have already settled their entire property tax dues, including interest and penalties, up to March 2023 during the current financial year before the implementation of this scheme. For such individuals, 90% of the interest paid earlier will be adjusted against future payments. The move aims to provide relief to property owners and encourage timely settlement of dues.
Key Highlights of the Telangana One Time Scheme
| Name of the scheme | Telangana One Time Scheme |
| Launched by | Telangana state government |
| Objective | 90% Property Interest Waived |
| Beneficiaries | Citizens of Telangana State |
| Official website |
The objective of the Telangana One-Time Scheme
The state government introduced a ‘one-time settlement’ scheme exempting interest on unpaid or reassessed taxes. The BBMP identified underpaying properties, issuing notices, and sealing commercial establishments. Self-occupied non-RCC residential properties under 1,000 sqft can pay only 25% of the evaded tax as a penalty. IAS officers were assigned as BBMP revenue commissioners to investigate and identify defaulters.
The Nagpur Municipal Corporation property tax department has proposed a 4% revision in general tax and hike in five other taxes to be implemented from next financial year. The poor collection of tax has increased outstanding tax to 900 crore. The civic body last revised property tax in April 2015.
BMC issued 2023-24 property tax bills without increase. Mumbaikars must pay by March 31. BMC collected Rs 708 crore. Bills available online, email, SMS, WhatsApp, mybmc app, offline at civic facilities center. Upload faced flak in Dec. BMC appeals for online payment.
Benefits Of The One Time Scheme
- The selected applicants under the scheme will get 90% interest on property tax waived by the state government.
- The applicants only have to pay the principal amount of the property tax with the help of this scheme.
- The government can recover all the pending property tax in the Telangana state by this scheme.
- The taxpayers will get a chance to pay the property tax interest remaining 10% in this amount on a one-time payment.
- This scheme also extends to taxpayers who have already paid their entire property tax dues, including interest/penalties up to March 2023.
Required Documents
- Aadhar card
- Residence certificate
- Passport size photograph
- Mobile number
- Email ID
- Birth certificate
Guarantee Scheme Survey App Download
Telangana One Time Scheme Apply Online
- To apply for the Telangana One Time Scheme the applicant can go to the official website.
- On the home page click on the option Apply Here.
- A new page will appear on your screen.
- Enter all the details that are asked and attach all the necessary documents.
- Click on the option Submit to complete your process.