MCD proposes 15-20% tax hike for properties in city; new professional tax proposed

Life in Delhi may just get costlier, especially if you love the luxuries. If the budget proposals of the Municipal Corporation of Delhi (MCD) are adhered to, you could end up paying more for eating at restaurants, shopping at malls, relaxing at clubs and even for your child's education.

The MCD, in its proposals for the 2010-11 budget submitted on Wednesday before the Standing Committee, has sought to increase property taxes and introduce a new category for professional tax.

Money wise: MCD Commissioner KS Mehra addressing the budget session at Town Hall in New Delhi on Wednesday. PIC/IMTIYAZ KHAN