How do the municipalities get funds ?

1.	How do the municipalities get funds ?
Answer» Municipalities get funds by imposing various taxes such as: 1. Octroi Duty—Tax on goods and animals brought into or taken out of the town. 2. House Tax — Tax on houses in the town. This tax is fixed by the municipality according to the annual rental value of the houses. 3. Water Tax — Tax as charges for providing clean water for drinking. People who have municipality taps in their houses have to pay it. 4. Profession Tax — Lawyers, doctors and other professionals pay profession tax on their annual income. 5. Income from Municipal Property — Tax paid as rent by the shopkeepers and traders selling goods in the markets. 6. Entertainment Tax — Tax collected from those who provide different kinds of entertainment, e.g., cinema halls. They also receive annual financial aids and grants from the state government.

Answer»

Municipalities get funds by imposing various taxes such as:

1. Octroi Duty—Tax on goods and animals brought into or taken out of the town.

2. House Tax — Tax on houses in the town. This tax is fixed by the municipality according to the annual rental value of the houses.

3. Water Tax — Tax as charges for providing clean water for drinking. People who have municipality taps in their houses have to pay it.

4. Profession Tax — Lawyers, doctors and other professionals pay profession tax on their annual income.

5. Income from Municipal Property — Tax paid as rent by the shopkeepers and traders selling goods in the markets.

6. Entertainment Tax — Tax collected from those who provide different kinds of entertainment, e.g., cinema halls. They also receive annual financial aids and grants from the state government.

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