The Karnataka land tax is charged to those that purchase land within the city. Bangalore has attracted many of us across India. those that own a property in Bangalore should pay the land tax per annum to the Bruhat Bengaluru Mahanagara Palike(BBMP). Nowadays paying a properties tax is additionally simple and may be done online. albeit the property is vacant still landowner must pay tax.
BBMP Tax payment must be done per annum. you'll be eligible for the discount of 5 as to if you pay your land tax during a single instalment before the maturity recommended by the BBMP. On the opposite hand, delaying your land tax payment will see a rate of interest of twenty-two charged to you per month. If you would like to avoid interest then you'll also pay your land tax in two instalments but doing so won't qualify you for a reduction. you want to make sure that it's paid by 30 April. one of the main elements of the Taxation process in Karnataka may be a Khata and B Khata or BBMP Khata.
The tax period begins in April and ends in March of the subsequent year. If you've got land tax due for FY 2019-20, you want to make sure that it's paid by 30 April 2020.
Kinds of properties attract the land tax in Bangalore:
Mentioned below are the properties that are being charged land tax in Bangalore
Residential houses
Factory buildings
Office buildings
Godowns
Shops
Flats
As already discussed you'll also pay land tax online. Below are some simple steps to pay BBMP Properties Tax Online:
Visit the BBMP land tax portal
Enter the Property number or SAS Application Number and click on ‘fetch’. By doing so display all the knowledge regarding the landowner.
Hit ‘proceed’ just in case the small print displayed on the screen are correct and need no changes. Doing so will redirect you to fill Form IV.
If any changes got to be made to the property, like property usage, occupancy or built-up area, click on the box on the screen and hit ‘proceed’. Doing so will take you to fill Form 5.
Make sure that the knowledge that has been pre-filled is correct.
When you select the web payment option, you'll be redirected to the payment page where you've got to pick the payment mode through debit/credit card or net banking.
In Bangalore, counting on the category the land tax rate differs. The BBMP land tax collection target for the year 2020-21 from quite 18 lakh properties was Rs.3,500 crore.