Motor Vehicle Tax In Punjab: Buying autos and two-wheelers in Punjab will certainly set you back even more, with the state federal government treking the car tax obligation by as much as one percent factor. According to the most recent alert from the Department of Transport, the brand-new prices of car tax obligations will certainly be imposed on the real cost of the lorry. The trek in car tax obligations came in advance of the event period.
According to brand-new prices, tax obligation on a four-wheeler setting you back as much as Rs 15 lakh has actually been elevated from 9 to 9.5 percent, which suggests the cost of a car will certainly boost by as much as Rs 7,500. The cost of a four-wheeler setting you back over Rs 15 lakh however as much as Rs 25 lakh will certainly rise by around Rs 25,000, as the tax obligation price has actually been treked by one percent indicate Rs 12 percent.
The division has actually included one more classification for cars setting you back over Rs 25 lakh and a price of 13 percent tax obligation has actually been imposed on it, according to the alert. For two-wheelers setting you back as much as Rs 1 lakh, the car tax obligation has actually been boosted by 0.5 percent indicate 7.5 percent.
The tax obligation price will certainly be 10 percent if the cost of a two-wheeler is over Rs 1 lakh however not greater than Rs 2 lakh, according to the alert. A two-wheeler setting you back over Rs 2 lakh will certainly draw in 11 percent car tax obligation, according to the alert.
