Tamil Nadu - Coimbatore   

More sections may have to pay Profession Tax

COIMBATORE: With an unambiguous statement that tax revenue was vital to fund the city’s development, the Coimbatore Corporation’s budget for the year 2009-10 lays emphasis on improving tax collection and has announced an incentive to the public for prompt payment.

A major move is that the Coimbatore Corporation proposes to cast its Profession Tax net wider as part of measures to increase revenue.

The civic body’s budget presented in the Council on Saturday announced that more sections such as lawyers, chartered accountants, doctors, life insurance agents, traders and companies would be brought into the tax net.

Stepping up revenue collection was the main approach to wiping out the Rs.17.94 crore deficit projected for the 2009-10 fiscal, the budget said.

The Corporation has also raised the Property Tax target for the coming financial year by Rs. 1 crore. It said in the budget that at least 95 per cent of the Rs. 84 crore Property Tax collection.

The budget also projected an increase of close to Rs. 16 crore in earnings in the coming financial year.

It would be Rs. 186 crore in the coming year, as against Rs. 170 crore in the current fiscal that was coming to an end.

The Corporation would offer a one per cent to two per cent rebate on Property Tax and drinking water charges as an incentive to those who paid taxes on time.

Apart from promoting online payment, the other options for improving tax collections were opening more collection centres and offering electronic clearance facility.

A door-to-door campaign would be carried out in residential areas to motivate people to pay taxes promptly. It would be carried out even on Government holidays.

The budget made a specific mention that increased revenue was needed to implement a number of major infrastructure development projects under the Jawaharlal Nehru National Urban Renewal Mission.

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