Telangana Government Introduces One Time Scheme (OTS) for Property Tax Relief
| Aspect | Details |
|---|---|
| Scheme Name | One Time Scheme (OTS) |
| Issued By | Telangana State Government |
| Applicability | All Urban Local Bodies (ULBs), including GHMC |
| Scope | Private and government properties within ULB jurisdictions |
| Waiver Offered | 90% waiver on accrued arrears interest |
| Eligibility Criteria | - Property owners with arrears interest until FY 2022-2023 eligible |
| - Must clear principal dues up to specified period and pay 10% interest in one go | |
| - Also open to taxpayers who settled dues, including interest/penalties, until March 2023 | |
| Adjustment of Interest | 90% of waived interest adjusted against future payments |
| Purpose | Alleviate financial strain on taxpayers and bolster ULB revenue collection |
| Implementation Goal | Promote financial stability and regulatory compliance in Telangana's urban landscape |