The Telangana government’s One-Time Settlement (OTS) scheme for property tax dues in municipal corporations and municipalities has yielded significant results, with collections surpassing Rs 1,000 crore. The municipal administration department, following the model of the Greater Hyderabad Municipal Corporation (GHMC), implemented a 90% waiver on interest for property tax payments.
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According to official data, property tax collections have reached Rs 1,010 crore under the scheme. The department reiterated that the OTS benefit applies only to taxpayers who clear their dues with a 10% interest payment by March 31.
Despite March 30 and 31 being holidays, taxpayers can still make their payments. The municipal administration department has urged property owners to take advantage of the remaining days to settle their dues and avail themselves of the interest waiver.