Summary:
With a deficit of Rs 1,700 crore, the East body has proposed an education cess of 5% on property tax. Property tax hikeThe three corporations had proposed a property tax hike last year, too, but the political wing did not approve it. AdvertisingThe corporation is proposing to levy 15% betterment tax on property tax, but only on properties whose value has increased in the past few years. AdvertisingMeanwhile, plantation is being carried out along the sides of over 20 roads at an estimated cost of Rs 160 lakh, officials said. The cash-strapped East Delhi Municipal Corporation Monday presented its budget, in which it proposed to impose three new taxes — betterment tax, education cess and professional tax — to increase its revenue..