Question

what are the source of income of the Municipal Corporation ​

Answer 1

Answer:

• The income from taxes, including on houses, entertainment, electricity, water tax (in certain cities), vehicles, property and land .

• Toll tax is the most important income of a municipality. All commercial vehicles may receive toll taxes, except auto rickshaw.

• Income is also generated from commercial activities like hotels, tourist centres, renting and sale of municipal property, and education cess.

• Financial grants from state government are a major source of income for all municipal bodies. Loans are also provided if special projects are undertaken for citizens' welfare.

• Professional tax collection from all the employers, i.e. government and private sectors.

Answer 2

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