Friday, March 29, 2013

Proposal to revise existing rates of road tax for vehicles personal purposes

 By Haryananewswire
The Haryana Cabinet which met under the chairmanship of Chief Minister, Mr Bhupinder Singh Hooda here today approved the proposal of the Transport Department to revise the existing rates of road tax for the vehicle used for personal purposes as the Union Ministry of Road Transport and Highways has observed that there is a need to bring uniformity in the taxation structure regarding personal motor vehicles across various states in the country. 
          For two wheelers costing upto Rs 20,000, the rate of road tax will remain unchanged that is two per cent. For those having two wheelers  costing more than Rs 20,000 to Rs 60,000 will have to pay a tax of four per cent. Similarly,  it would be six per cent on the vehicles having cost above Rs 60,000 to Rs two lakh and eight per cent on the vehicles having cost above Rs two lakh. Similarly for cars etc., owners will have to pay a tax at a rate of three per cent for vehicles costing upto Rs six lakh. The rate of six per cent will be applicable for cars costing between Rs six lakh and Rs 10 lakh. For cars costing above Rs 20 lakh, the rate of tax will be nine per cent. The tax shall be levied on ex-showroom price of the vehicle including VAT.
          The Government of Punjab has already revised its rates and is charging a minimum motor vehicle tax of six per cent on four wheelers from the year 2012. A similar proposal is also under consideration of the Chandigarh Administration. The rates of road tax being charged by Delhi Government are also on higher side. The rates of road tax to be charged by Haryana Government after revision will continue to be on the lower side as compared to the rates prevalent in the adjoining states.

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