Name of the Organisation : Odisha e-Governance Services Ltd
Type of Facility : How to Pay Holding Tax
Home Page :odishaonline.gov.in
How to pay Holding Tax :
** Holding Tax has got the nomenclature of Property Tax in the Odisha Municipal Corporation Act, 2003.
** But since Rules and by-laws regulating the property Tax is in the pipeline, for the time being as per Odisha Municipal Act, 1950 Holding Tax is being collected.
** Any holding within corporation limits having clear right, title, interest of the holder is liable to pay Holding Tax @ of 20.5% of the annual rental value of the holding depending on the nature of holding, i.e. either residential or commercial.
Calculating Holding Tax of a Building :
A) Categories of buildings and rates of annual rental value:
** Residential Buildings – Rs 2.00 per sqft.
** Small Shops – Rs 5.00 per sqft.
** Kalyan Mandap, Gold Shop, Nursing Home, Hotel & Lodging etc. – Rs 7.00 per sqft.
** Bank, Insurance, Companies & Show Rooms – Rs 10.00 per sqft.
B) Method of calculation of Holding Tax:
** Annual Rental Value = Annual Rental Value per sqft. X Total build up area (in sqft.)
** Annual Tax = 20.5% of Annual Rental Value
More Details get here : https://www.odishaonline.gov.in/Site/default.aspx#