Ludhiana, March 28 -- With March 31, 2026 set as the last date for payment of property tax for the financial year 2025-26, municipal corporation (MC) officials have urged residents to deposit their dues on time to avoid heavy penalties and interest on delayed payments.

Officials said taxpayers will have to pay a 20 per cent penalty along with 18 per cent annual interest if the property tax is not cleared after the deadline. They warned that non-compliance could significantly increase the financial burden on defaulters.

The civic body also highlighted the existing rebate and penalty structure for the current financial year. Residents can avail a 10 per cent rebate if the tax is paid by September 30. No penalty is imposed on payments made...