Property Tax: Interest subsidy deadline extended in AP

The Andhra Pradesh government has extended the interest subsidy on property tax arrears in towns and citiestill the 30th of this month. This decision comes as a relief to taxpayers for the financial year 2024-25. The 50 percent interest subsidy on tax arrears will be applicable during this extension period.

Discount expired on March 31st

It is known that the current interest subsidy ended on March 31. However, many people were unable to pay their taxes at that time due to holidays and other reasons. In this context, the government has received a lot of requests and has decided to extend the deadline to provide more convenience to the people.

People should utilize this opportunity – officials appeal

Officials suggest that through this opportunity given by the government, taxpayers can pay their dues and reduce the interest burden. This will prevent legal problems from arising in the future. Officials believe that this move will be useful in increasing the revenue of local bodies in cities and towns. Taxpayers are advised to utilize this deadline and get the concession.