After the announcement of demonetization by the Union government, the Greater Hyderabad Municipal Corporation (GHMC) initiated various measures to encourage cash-free (or cashless) transactions, including payment of property tax in the city.
As an incentive to encourage people to switch over to cashless transaction, GHMC Commissioner B Janardhan Reddy announced that Rs. 5 lakhs reward would be given through a lucky draw for those paying taxes online.
Presently, only 12% people were paying their taxes online, and the GHMC wants to increase this percentage by taking various initiatives to encourage people towards a cash-free society, the Commissioner said.