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Ensuring Compliance: How Online Property Tax Payment Helps You Stay on Track

“Oh! I forgot to go to the Municipal office today to submit the bill”, said the person who still uses the traditional method to submit property tax in India. Long gone are the days when people actually used to rely on such methods for bill deposits. Now is the time for digital. From property tax online payment to electricity bills or even your daily utility bills, everything is available at just a single tap without any worries. 

In our country, more and more people, especially after the COVID-19 outbreak, are inclined to use digital methods for almost every task. They believe that it helps them save a lot of time, money and energy. Today, in this article, we’ll talk about how online payment of your property tax enables you to stay on track.

What is property tax? Is it compulsory to pay in India?

Do you own a property in India? Then, you might be well aware that property tax is to be paid annually by you, as it is imposed by the Indian government on the owners of real estate assets. 

(Note: Property tax is to be paid by the owner and not the tenant.)

This tax is totally based on the property’s value and is to be submitted to the local authorities. In return, you will get a lot of civic facilities that will be useful for your day-to-day life. When it comes to its calculation, the amount may vary depending on the location, type, size of the property as well as the amenities available.

Remember that if you do not pay your property tax, trouble will follow as it can lead to penalties or even legal action. 

How Online Property Tax Payment Helps You Stay on Track?

  • Automated payments

If you are pretty busy or have a habit of forgetting things, then this is for you. Many applications/platforms offer the ability to set up automated payments. This means that every month or year, the amount will be debited automatically from your account without any hassle. This offers complete peace of mind and assurance that your transaction has been successfully completed. 

  • Saves your valuable time

Adopting digital methods for such payments saves a lot of valuable time, as it cuts down the need for physical visits to payment centres or financial institutions. With the proper application installed, a few taps means that the property tax online payment is processed within a blink of an eye. This is quite beneficial for someone with a very tight and hectic schedule.

  • Accessible 24×7

Another essential factor is the convenience and accessibility it offers. If you are a property owner, you can easily make payments from your comfort zone, eliminating the need to visit payment centres. Moreover, with round-the-clock access to online payment portals, time is no restriction! 

How to Pay online your property tax in 2024?

If you are planning to go digital or are not happy with your current platform, ‘Bajaj Finserv’ is the application you need to download right now. I’m sharing my personal experience as this application is super easy to use and offers a lot of convenience for potential users. It is available for both Android and iPhone. Highly recommended! 

Conclusion

What are you waiting for if you still haven’t adopted digital methods? From property to online electricity bill payment, you can do almost everything! It’s not just about convenience; it’s a strategic move towards ensuring timely compliance and staying on a smooth path with your financial responsibilities.

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