Property tax is a critical aspect of real estate ownership in India, levied by local municipal authorities.
For property owners, understanding how to integrate property tax into an overall tax planning strategy is essential, not only to fulfill legal obligations but also to optimise financial health, particularly when considering estate planning.
Knowing how to calculate property tax, whether through assessed value, market value, or rental value, is a key component of this strategy.
Understanding Property Tax In India
Property tax in India is a tax levied by the government on the value of a property.