If you buy any property in Bangalore, then the Indian Laws requires you to pay property tax in Bangalore. The ability to pay the tax online has made the process of paying the property tax a lot easier for the taxpayers. The property tax can be paid online in banks that are dedicated to collect property tax or Bangalore 1 centers.
There are six forms which are considered essential in paying taxes in Bangalore. The Forms are namely I, II, III, IV, V and VI.
Form I is filed by an assessee when the individual has a Property Identification Number. The PID is a unique ID that is assigned to each property owner. It contains information regarding the location of the property
Form II is used when the owner doesn't have Khatha Number. Khatha Certificate is issued to the property owner having the details that are relevant to the property.
If a person doesn't have Khatha or PID, they can file their property tax in form III
If there is no change in the property details, Form IV can be used to file the property tax. For instance, if there have been no changes in the size of the property and the income earned by the assessee, this form can be filed.
If there is a change in the property concerning its size or the classification of the property, the assessee will be required to file
This form is used when the property is exempted from paying any taxes. Even if a property owner is exempted from paying property tax, they will still be required to pay service charge. The service charge can be paid by using this form.
To pay your taxes online, you need your old and new Property Identification Number or the application Number. When you have all the details, you can visit the BBMP website and make the payment of due taxes online.
Tax receipt issued by BBMP contains details of the payment. The details contained includes the application Number, location of payment made, assessment year, amount of taxes payable, the total cess that is applicable and the information regarding any advances that have been paid.
If the payment is made through cash, demand draft or credit/debit card, then the receipt is issued immediately. If the payment is made online, the receipt is electronically which can be kept for further reference.