India, May 11 -- What's New: The Rebate and the Extension 5% Early Payment Discount While the 5% early payment discount is certainly not something new as it has been an inherent part of Bengaluru's property tax system for quite some time now, its significance is undeniable today. In the upcoming financial year 2026-27, any homeowner in Bengaluru will be entitled to a 5% discount on their overall annual property tax payment provided that they make the entire payment in one go before the deadline.

However, there is a catch here, and that is homeowners cannot benefit from this discount if they opt for making payments in two installments. To give you some perspective, consider a family whose annual property tax payment comes up to 20,000. By...