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MCD proposes five percent hike in house tax

By IANS,

New Delhi : Unveiling the budget for the next fiscal, Municipal Corporation of Delhi (MCD) Commissioner K.S. Mehra Wednesday proposed a five percent increase in house tax in all categories.

The budget proposals were presented at a special meeting of the MCD Standing Committee. The MCD budget for 2010-11 had reached Rs.6,346 crore.

Mehra presented the revised budget estimates for 2010-2011 and the budget estimates for 2011-2012 at the meeting.

At the end of the budget session, Standing Committee Chairman Yogendra Chandolia said: “We will take a final decision on the proposed increase in house tax only after a proper debate in the next standing committee meeting, keeping the interests of the people in mind.”

In last year’S budget too, the commissioner had proposed a five percent increase in tax rates but the standing committee had revised the proposal and went in for a marginal hike instead.