Question

what are the main sources of income of a municipal corporation

Answer 1

main source of income of a municipal corporation are from following-

1) government gives money in form of shares to the municipal corporation for the maintenance for their work.
2) municipal corporation also collect taxes from people like-
1) House tax
2)service tax
3) land tax
4) general tax,etc.

Answer 2

The local sources of income include water tax, octroi, property tax, entertainment tax, toll tax, rent from mucipal properties, license fee, etc . The annual financial grants and loans from the state government to provide facilities for welfare of the people.

hope it helps you