Haryana Government Revises State Road Tax Structure
The Haryana government has lowered road tax rates applicable on vehicles for personal use. Folks looking to buy cars with a price tag of up to Rs. 6 lakh stand to benefit the most from the revised rates.
Highlights
The Haryana government has lowered road tax rates applicable on vehicles for personal use. Folks looking to buy cars with a price tag of up to Rs. 6 lakh stand to benefit the most from the revised rates. Other changes in the process include a reduced number of slabs and simplified taxation structure that will hopefully encourage compliance. The amendments also intend to constitute a more dependable database along with debasement in harassment and corruption.
The current road tax structure in Haryana dictates a tax of 6 per cent of the value for cars that cost up to Rs. 5 lakh. Cars costing between Rs. 5 lakh - Rs. 9.90 lakh commanded a road tax rate of 8 per cent. Beyond that price bracket, cars attract the rate was 10 per cent.
The revised road tax structure in Haryana is:
Cars
Up to Rs. 6 lakh: 5%
Rs. 6 lakh - Rs. 20 lakh: 8%
Over Rs. 20 lakh: 10%
Two-Wheelers
Up to Rs. 0.75 lakh: 4%
Rs. 0.75 lakh - Rs. 2 lakh: 6%
Over Rs. 2 lakh: 8%
Last Updated on June 2, 2015
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