INDORE: The revenue of Indore Municipal Corporation has seen a rise of 12.3 per cent till the end of the third quarter of the current fiscal. The civic body managed to collect Rs 214 crore till December end. The collection during the same duration in the last fiscal was Rs 191.03 crore. The target set by the civic body is Rs 300 crore. Officials said that with the constant drives against tax evasion that are being conducted across the city, they would easily achieve the target.
Moreover, data of the civic body suggest that demonetisation also played a major role in collection of taxes. Sources revealed that a lot of money was collected during the time of demonetization. Sources of IMC said that there was a significant rise in property tax collection. More than Rs 150 crore was collected as property tax alone. The development is seen as the result of constant seizure of properties done in last few months.
The mayor has instructed officials of all wards to ensure strict action against those not paying property tax. Revenue collection from water taxation also went up by 20 per cent. A total of Rs 24 crore was collected by the water works department. “We are constantly regularizing illegal water connections in the city. We are expecting the collection to rise further,” said Balram Verma, head of water works department of IMC. Data with the civic body has revealed that the loss of revenue from illegal connections amount to Rs 1 crore every month. However, the collection from the rented properties reduced by around 40 per cent. The civic body managed to collect Rs 3.75 crore from rent on properties lent out for business. Last year in the same fiscal, Rs 6.17 crore was collected.
