04 Apr 2022
New Delhi Municipal Council collects Rs 942.3 crore from property tax in FY22
NEW DELHI: The New Delhi Municipal Council (NDMC) on Sunday said that it has exceeded its revenue targets for the financial year 2021-22 with a net surplus of Rs 534.71 crores. The NDMC has declared its provisional results for the financial years 2021-22 on April 1.
It claimed that it has achieved the highest ever collection of property tax and said it has maintained its continous streak for the last few years as a financially well governed municipal organisation.
According to an official statement, the result show increased receipts on both revenue and capital accounts. The total receipts are 4019.08 Crores, 5.37 percent more than the revised estimates of the year.