FAISALABAD: The Excise and Taxation Department has collected 25 percent more property tax in October 2014 as compared to the corresponding period of last year.
A source told Customs Today that the department has collected property tax worth Rs 260.02 million in October of fiscal year 2014-15. In the corresponding period of last year the department had collected Rs 180.3 million property tax. The department has exceeded the revenue by collecting Rs 79 million more.
Excise and Taxation Director General Rana Intikhab Ahmad told Customs Today that the increase in property tax revenue was due to good performance of the officials. He added that the government has also announced a five-percent relief for the taxpayers to pay their property tax within deadline set by the government.