Introduction
The Penalty Rates penalty is defined as interest an amount which is collected on the late payment of property tax (ie after the designated due date)charged to the citizen in violation of any rule. There would be multiple penalties defined associated with different rules and acts. Penalty rate decides on how and what amount to be calculated for a penalty.
Within DIGIT, the calculation of the penalty amount is configurable at both the State & ULB level.
Data Table
Sr. No. | Penalty Head | Penalty Rate (In % ) | *Min Minimum Penalty Amount | *Flat Amount | *From Financial Year | *Penalty Start Date (DD/MM/YYYY) |
|---|---|---|---|---|---|---|
1 | Late assessment | 12.5 | 1000 | 500 | 2019-20 | 01-04-2019 |
2 | Unauthorized Construction | 100 | 5000 | 5000 | 2019-20 | 01-04-2019 |
Procedure
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