Introduction
The Penalty (in context of Property Tax) is defined as the interest charged on the tax amount, when an individual is unable to pay the tax on the designated due date.
Within DIGIT, the calculation of the penalty amount is configurable at both the State & ULB level.
Data Table
Penalty Rate (In % ) | *Min Penalty Amount | *Flat Amount | *From Financial Year | *Penalty Start Date (DD/MM/YYYY) |
|---|---|---|---|---|
12.5 | 1000 | 500 | 2019-20 | 01-04-2019 |
Procedure
Data Definition
Penalty Rate (In % ): The Penalty charged by percentage.
Min Penalty Amount: The Minimum amount charged as penalty.
Flat Amount: The pre-decided amount that must be charged as penalty on the amount.
From Financial Year: The Financial Year from which the penalty is applicable.
Penalty Start Date: The Date from which the penalty amount will be applicable within a financial year.
Steps to fill data
Identify all the different types of penalty amounts (by percentage/ by flat amount) etc and fill them in the provided columns respectively.
Fill in the details of the financial year/ date from which the type of defined penalties will be applicable.
Validations
All the fields with * sign are mandatory to be filled in. Without this information, the system configurations cannot be executed.
A “single entry” should be made against the respective column. Incase of multiple entries, continuation must be followed.
The “DD/MM/YYYY” format must be followed penalty start date.
Attachments
Following is the blank template for Penalty Configuration.
Refer to “Penalty Configuration” in the uploaded template. This consists of sample data for reference.