Thiruvananthapuram: The Kerala Budget presented by Finance Minister K N Balagopal proposed a new slab for land tax and a one-time hike on land fair price by 10%. Through this, the state aims to garner additional revenue of Rs 200 crore.
Also read: Kerala Budget 2022: Major projects announced to curb traffic issues; 1000 Cr for KSRTC renovation
The green tax on second-hand vehicles will be increased by 50% while the tax for motorcycles that cost up to Rs 2 lakh will go up by 1%. KIIFB will provide Rs 70,762.05 crore for 962 projects in Kerala. Refund issues associated by flood cess will be addressed, and Tax on caravans for tourism reduced.
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