TamilNadu lifetime road tax increased ! Details Here
Vehicles to cost more in TamilNadu, as a bill has been adopted to increase rate of life tax – Link
TN is joining the party that KA & TS governments were having and has now increased road tax in the state. The new slabs are:
Two Wheeler:
- Under 1Lakh: 10% (old rate: 8%)
- Above INR 1 Lakh: 12% (old rate: 8%)
Four Wheeler:
- Under INR 5 Lakh: 12% (old rate: 10%)
- INR 5 -10 Lakh : 14% (old rate: 10%)
- INR 10 – 20 Lakh: 18% (old rate: 15%)
- >INR 20Lakh: 20% (old rate: 15%)
I think TN is now the most expensive state for vehicles in the INR. 10 – 20 Lakh bracket. Under the legislation, new motorbikes costing over ₹1 lakh will attract a life tax of 12%; new cars costing between ₹10 and ₹20 lakh will be levied with a life tax of 18%.
Used/second-hand vehicles
The Bill, tabled by Transport Minister S.S. Sivasankar, also provided for different rates of life tax for old two-wheelers and other vehicles depending on how many years old they are. It also provides revised rates of life tax for tourist motor cabs and construction equipment vehicles, among others.
The Bill also specified a green tax of ₹1,500 for five years for motor vehicles (other than transport vehicles) that have completed 15 years from the date of their registration. For motorcycles that have completed 15 years since their registration, the green tax would be ₹750 for five years.
For transport vehicles which have completed seven years from registration, the green tax would be ₹750 per annum. For autorickshaws, the green tax would be ₹250 per annum.
