what are the source of income for the municipal corporation
Answers
Answer:
The main source of income of a Municipal Council is taxes, such as Property Tax, Octroi, Tax on Vehicles, Tax on Animals, Tax on advertisements. Toll tax, Profession Tax, Entertainment Tax, etc.
Explanation:
The major sources of receipts/income for the Urban Local Bodies are:
_images/municipal_receipts.png
As is clear Muncipalities have different sources of income. Some of these such as tax and non-tax revenue are generated by these bodies themselves. But owing to rapid pace of urbanisation and the need for urban infrastructure development, own revenue generated by municipalities often falls short of their expenditure requirements. Thus, over and above their own revenue, most local bodies depend significantly upon the devolution of resources and grants from the State and Central governments; and borrowings from financial institutions.
As per the Constitution, the Government of India has been making allocations to local bodies through five year plans and finance commissions (Central Finance Commissions, State Finance Commissions). Beginning from the First Five Year Plan allocations have been made to Urban Local Governments for various purposes.
As regards the Central Finance Commissions, which primarily make recommendations on the distribution of tax revenues between the Union and the States, and also amongst the States, the Tenth Finance Commission introduced exclusive grants for rural and urban local governments. Since then various Finance Commissions have given concrete recommendations regarding municipal finances and the criteria for devolution of funds to Urban Local Bodies.
Given below is a snapshot of revenue receipts and capital receipts (in this case, suspense accounts) of Kolkata Municipal Corporation for the financial year 2015-16:
KOLKATA MUNICIPAL CORPORATION BUDGET EXTRACT (Borough I – XVI) Estimates of Revenue Receipt classified
REVENUE RECEIPT (INTERNAL SOURCE)
TAX REVENUE
Property Tax including Surcharge on Property Tax
Tax on Trade, Profession & Calling
Tax on Advertisement
Service Charges on Central Govt. Properties
Tax on Carriages
Tax on Carts
Total Tax Revenue
NON-TAX REVENUE
Receipt from Water Supply
Receipt from Sale of Water to Ships
Receipt from Sewerage & Drainage
Receipt from Municipal Markets
Receipt from Land & Estates
Receipt from Building Plan Sanction Fees
Receipt from License Fees
Receipt from Solid Waste Management
Receipt from Health Services
Receipt from Amusement Fees
Receipt from Car Parking Fees
Receipt from Advertisement Fees
Receipt from Roads, Parks & Squares
Receipt from Sale of Condemned Materials
Receipt from Interest on Fixed Deposit
Unclassified Receipts
Total Non-Tax Revenue
Public Private Partnership
Total Revenue from Internal Sources (A + B + C)
Government Grant
Grants for Dearness Allowance
Grants for increased cost of pay
Grants out of the proceeds of M. V. Tax
Other Grants
Special Grant for C.E.S.C./WBSEDCL
Grant for supplementing services in Bustees/Slums A/C.
Grants for supplementing services to Water Supply, Sewerage & Drainage A/C.
Grants out of the proceeds of Entertainment Tax
Development Grant
Relief on Pension
Fixed Grant
Grant for pulse polio programme
Grant for Riverfront Beautification
Total Government Grant
TOTAL REVENUE RECEIPT (I + II)
KOLKATA MUNICIPAL CORPORATION BUDGET EXTRACT (Borough I – XVI) Estimates of Receipt (Suspense Heads) classified
RECEIPT (SUSPENSE HEADS)
Basic Minimum Service
N.S.D.P.
K.E.I.P.
Special Development fund (KMDA)
Housing for Urban Poor
Shelter for shelter less people
Special Development Programme
Sarba Shiksha Mission
Rajiv Abas Yojana
Programme for installation of Water Meters
11th Finance Commission
M.P. LAD Scheme
B.E.U.P.
Municipal Building Scheme
C.U.D.P.-III (Health)
Rashtriya Swasthya Bima Yojana
Urban Primary Health Care Services
SJSRY
Development of Municipal Area
Short/Medium Term Loan
Riverfront Development Project
Schemes under G.A.P.
N.S.A.P.
Modernisation of abattoir at Tangra
Modernisation of Goat Abattoir at Rabindra Sarani
Modernisation of Goat & Sheep Abattoir at DC Dey Road
Tolly’s Nallah Project
State Finance Commission
Miscellaneous Agencies
Wage Employment Scheme
Redevelopment of Municipal Market
J.N.N.U.R.M.
Stores Purchase
VAMBAY Works
Corpus Fund
Operation & Maintenance of East Kolkata Asset
Multi Sectoral Plan for Development of Minorities
Construction of IT Park
Disaster Risk Reduction Programme
12th Finance Commission
13th Finance Commission / Finance Commission
K.E.I.I.P.
Development of Refugee Colony
Total Receipt (Suspense Heads)
Total Revenue Receipt
Total Receipt (Revenue + Suspense)
RECEIPT (CONTRA HEADS)
Deposit & Advances to Corporation Employees
Deposit & Advances to Contractors
TOTAL RECEIPT (CONTRA HEADS)
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Answer:
municipal corporation:
A city, town, village, or county that has been incorporated by a state and is allowed to manage local, governmental matters, such as creating a police force, is referred to by this definition. The legislature of a state establishes municipal corporations and is also in charge of determining their existence, privileges, and powers.
Explanation:
The town's people pay taxes on things like water, housing, markets, entertainment, and automobiles, and it also receives funding from the state government.
sources of income for municipal corporations:
- Property Tax including Surcharge on Property Tax.
- Tax on Trade, Profession & Calling.
- Tax on Advertisement.
- Service Charges on Central Govt. Properties.
- Tax on Carriages.
- Tax on Carts
Sources of Income explanation in detail:
Without money, nothing can be done. Municipal councils receive funding from a variety of sources. These resources can be categorized as follows:
- Taxes on real estate, automobiles, entertainment, and advertising;
- Rents, license fees, rent for community halls, Barat ghars, and shops, etc.; Fees for the water supply and sewer system;
- funds provided by the State;
- Fines: Penalties for tax evaders, criminals, encroachers, etc.