A new ‘professional tax’ for those having an income of more than Rs 30,000 per month and five per cent hike in property tax rates were among a slew of revenue earning measures proposed as the MCD on Wednesday unveiled an over Rs 6,000 crore budget for the 2010 -11 financial year.
The civic agency will focus on Commonwealth Games 2010 related infrastructure and parking projects in the coming year, for which an additional Rs 1,005 crore has been allocated, Municipal Commissioner K S Mehra said.
Presenting the Revised Budget Estimates for 2009—2010 and the Budget Estimates for 2010—2011 at a special meeting of the MCD Standing Committee, Mr. Mehra said the Rs 6346.70 crore budget will be mainly spent on sanitation and cleanliness, engineering works, health and education sectors.
He said the civic body is proposing to introduce a “professional tax” for those professionals living in Delhi and having an income of more than Rs 30,000 per month.
“MCD can levy such a tax under the discretionary tax system. It will be applicable to all people who are in a profession, trade or employment,” he said, adding the tax rates may vary from Rs 100 to Rs 200 a month.
The Commissioner also proposed an increase of five per cent in property tax in all categories and imposition of 20 per cent commercial tax on rented non-residential properties and “high-end non-residential” properties like high-class hotels, malls, air-conditioned gymnasiums and clubs having swimming pools.