E&T department collects Rs286.3mn property tax in 2 months

FAISALABAD: The district excise and taxation department has achieved 12 percent of total tax recovery target and collected 286.3 millions property tax during first two months of current fiscal year.

According to official sources,the district excise and taxation department Faisalabad was assigned total tax recovery target of Rs1.881 billion of which Rs218.3 million have been collected.

The total annual recovery target for all the four districts of the Faisalabad regions had been fixed Rs2.322 billion by Punjab Excise and Taxation department.

All the available resources were being mobilized to achieve the target cent percent for which PT-10 forms (tax notice forms) have been distributed in all the four districts while Punjab government has also announced 5 percent rebate for those who will pay their property tax by September 30, the sources said.