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How to Pay Municipal Taxes Online in 4 Easy Steps

For many years, municipal tax, or property tax, has been recognized worldwide. If you own a property in India, you will be expected to pay property tax to the urban local authority under which the property lies. The property here includes all tangible real estate property such as a house, office building and even the property rented to others. Now, many people out there have serious concerns. How to pay municipal tax online? Well, it’s not that tough if you use the right application on your smartphone.

Like most of the other taxes, municipal tax is imposed by the government to generate money for a public purpose. Now, it is essential to know that this tax is compulsory and enforceable by law. In general, the government levy taxes, such as property tax, income tax, etc., on their citizens to generate income for several projects for an economic boost and to upscale their living standard. 

What is Municipal Tax?

Like every other kind of tax, a municipal tax is to be paid annually and is charged by government officials on all tangible property an individual owns. Remember, the onus of paying such tax lies with the owner of the property and not the occupant. Also, it is significant to know that you must pay property tax annually, and late payments can attract a fine. 

(Tip: You can pay municipal tax online or even offline. Going online is highly advisable and effortless. It can be simply done via a smartphone too)

How is Municipal Tax calculated?

Before paying the tax on your valuable property, it is essential to know on what basis it is calculated. Unlike the income tax, the municipal tax has a lot of factors that come into play to calculate it, from the property’s base value to the built-up area and whatnot. 

It is based on its valuation and appraisal depending on the locality in which a person resides. The tax amount varies per the locality’s type of levy, amenities available, and other factors. When you have this information, you can calculate it yourself before paying the tax to crosscheck whether you are on the right track or not. 

The formula for Municipal Tax calculation is – 

Property’s base value x Building type x Age factor x Built-up area x Floor factor x Use category. 

How to pay municipal tax online?

Here, I’ll share my experience to make it easier for you. I’m not promoting any brand or organization here, just making it easier for you all. I have been using the ‘Bajaj Finserv: UPI, Pay, Loans’ application on my smartphone for the past year and recently came across the fact that one can even pay Municipal Tax quickly on this.

  1. Download the ‘Bajaj Finserv: UPI, Pay, Loans’ application from Play Store (Android) or App Store (iOS)

  2. Log in with your official contact number

  3. Under the Bills & Recharges section on the Homepage of the Application, click on View All

  4. Go to the bottom, and you’ll see Municipal Taxes

  5. Select your provider

  6. Further, enter the mandatory details and you are good to go

However, not only for Municipal Tax but you can easily use this application for various other digital payments too. With the increasing penetration of internet-enabled devices in recent years, online payment is one of the easiest and simplest ways to file property tax. It can be made from anywhere at any time and helps you save a lot of time, money, and even fuel. I hope I’ve been able to answer ‘How to pay municipal tax online?’. 

Also read this Why Buy from The Best Inverter Company? 


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