Lust the different sources of income of municipal corporation
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Its sources of income are taxes on water, houses, markets and vehicles (commercial only)paid by residents of the town and grants from the state government.
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• The Municipal Corporation undertakes all the public facilities and welfare works
and these works require funds, so it collects revenue from the residents living in its corporation area.
• The different sources of income of a Municipal Corporation/Council for carrying its different functions are:
• Property taxes, which account for nearly 25-30 percent of its earning.
• Taxes on the provision of different amenities like education
• Taxes on hotels and shops
• Taxes on movie tickets.
Explanation:
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