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[QUOTE=ijt.dolora@gmail.com;288695][B][U]Name of the Organisation [/U][/B]: Odisha e-Governance Services Ltd
[B][U]Type of Facility [/U][/B]: How to Pay Holding Tax
[B][U]Home Page [/U][/B]: [URL]https://www.odishaonline.gov.in[/URL]
[B][U]How to  pay Holding Tax [/U][/B]:
** Holding Tax has got the nomenclature of Property Tax in the Odisha Municipal Corporation Act, 2003.

** But since Rules and by-laws regulating the property Tax is in the pipeline, for the time being as per Odisha Municipal Act, 1950 Holding Tax is being collected.

** Any holding within corporation limits having clear right, title, interest of the holder is liable to pay Holding Tax @ of 20.5% of the annual rental value of the holding depending on the nature of holding, i.e. either residential or commercial.

[B][U]Calculating Holding Tax of a Building  [/U][/B]:

[B][U]A) Categories of buildings and rates of annual rental value[/U][/B]: 
** Residential Buildings - Rs 2.00 per sqft.
** Small Shops - Rs 5.00 per sqft.
** Kalyan Mandap, Gold Shop, Nursing Home, Hotel & Lodging etc. - Rs 7.00 per sqft.
** Bank, Insurance, Companies & Show Rooms - Rs 10.00 per sqft.

[B][U]B) Method of calculation of Holding Tax[/U][/B]:
** Annual Rental Value = Annual Rental Value per sqft. X Total build up area (in sqft.)
** Annual Tax = 20.5% of Annual Rental Value

[B][U]More Details get here [/U][/B]: [URL]https://www.odishaonline.gov.in/Site/default.aspx#[/URL][/QUOTE]

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