Property value Rs 25 lakh, AMC tax bill over Rs 1 crore

However, the tax that he has been asked to pay was calculated on 1,642 sq mt property. I will not be able to pay tax in lakhs," said Panjwani who deals in scrap plastic business. Imran Panjwani, who is in complete disbelief of the tax thrashed on him, said he owned a property of 160 sq mt. Panjwani had written to the south zone office early in 2017, urging them to reassess his property. They have slapped me Rs29.79 lakh tax, Rs49,645 as an education cess and online interest Rs13811 since last three years," he said.