<p>Taxpayers living in the jurisdiction of <a href="https://www.mid-day.com/mumbai/mumbai-news/article/thane-three-cars-crushed-as-hoarding-collapses-in-kalyan-23370877" target="_blank" rel="none noopener"><strong>Maharashtra's Kalyan Dombivli Municipal Corporation (KDMC)</strong></a> area will now have additional time to benefit from a 5 per cent rebate on property tax, an official statement said on Friday.</p>
<p>It said that the deadline for the discount, originally set for July 31, 2024, has been extended to August 31, 2024.</p>
<p>The rebate applies to property tax payments made by the new deadline, which will be calculated before taxes are added.</p>
<p>"The KDMC&rsquo;s tax assessment and collection department is encouraging citizens to make their payments before the extended deadline to take advantage of this discount and avoid additional charges," the statement said.</p>
<p>The statement was released by Swati Deshpande, Deputy Commissioner (Tax) Kalyan Dombivli Municipal Corporation.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="hi">जाहिर आवाहन <a href="https://t.co/c8doOBarUT">pic.twitter.com/c8doOBarUT</a></p>
&mdash; कल्याण डोंबिवली महानगरपालिका - KDMC (@KDMCOfficial) <a href="https://twitter.com/KDMCOfficial/status/1819358048151892419?ref_src=twsrc-Etfw">August 2, 2024</a></blockquote>
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<script src="https://platform.twitter.com/widgets.js" async="" charset="utf-8"></script>
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<p>It said that the residents are advised to pay their property <a href="https://www.mid-day.com/news/india-news/article/exaggerated-bogus-claims-for-refunds-punishable-it-dept-23369147" target="_blank" rel="none noopener"><strong>taxes</strong></a> by August 31, 2024, to benefit from the 5 per cent rebate and avoid a 2 per cent penalty for late payment.</p>
<p>"The KDMC has urged the taxpayers under its jurisdiction to act promptly to stay up-to-date with their payments and remain free of arrears," an official said.</p>
<p><strong>72&#37 of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25</strong></p>
<p>Meanwhile, out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime. Thus, about 72&#37 of taxpayers have opted for the New Tax Regime, while 28&#37 continue to be in the Old Tax Regime.</p>
<p>Additionally, the total number of ITRs for AY 2024-25 filed till July 31 is 7.5 per cent more than the total ITRs filed in the previous AY. For AY 2023-24, 6.77 crore ITRs were filed which went up to 7.28 crore in AY 2024-25.</p>
<p>The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till the last date," said the Ministry of Finance in an official statement.</p>
<p>As per the official statement, July 31 saw the highest numbers of ITRs filed in a single day with 69.92 lakh ITRs being filed. The e-filing portal also observed its highest per hour rate of 5.07 lakh of ITR filing&nbsp;between 7pm and 8pm on July 31.</p>
<p>58.57 lakh ITRS were filed by first time filers, said the statement adding that it was a fair indication of widening of tax base.&nbsp;</p>
<p>In a historic first, ITRs (ITR-1, ITR-2, ITR-4, ITR-6) were deployed on the e-filing portal on the first day of the financial yea<a href="https://www.mid-day.com/business/personal-finance/video/itr-filing-never-make-these-mistakes-while-filing-income-tax-returns-to-avoid-rejection-1075560" target="_blank" rel="nofollow noopener">r</a> i.e. April 1. &nbsp;The ITR-3 and ITR-5 were also released earlier in comparison with the preceding financial years.</p>
<p>Out of the 7.28 crore ITRs filed for A.Y. 2024-25, 45.77 per cent of the ITRs are ITR-1 (3.34 crore), 14.93&#37 are ITR-2 (1.09 crore), 12.50&#37 are ITR-3 (91.10 lakh), 25.77&#37 are ITR-4 (1.88 crore) and 1.03&#37 are ITR-5 to ITR-7 (7.48 lakh).&nbsp; Over 43.82&#37 of these ITRs have been filed using the online ITR utility available on the e-filing portal and the balance have been filed using offline ITR utilities.</p><p>
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Maharashtra`s Kalyan Dombivli Municipal Corporation (KDMC) has increased the deadline to pay  property tax rebate

Maharashtra: Kalyan Dombivli Municipal Corporation extends property tax rebate deadline

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The deadline for the discount, originally set for July 31, 2024, has been extended to August 31, 2024

Kalyan Dombivli Municipal Corporation in Maharashtra extends property tax rebate deadline

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