1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
There are a number of factors that need to be considered for the calculation of Road Tax:
Manufacture of Vehicle.
Type of fuel
Engine Capacity
Age of the vehicle
Purpose of vehicle
Place of manufacture
Any Cess, if applicable
Tax is charged on the basis of age and cost of the vehicle:
Vehicle Category |
Life Time Tax Applicable |
New vehicle cost < 50,000 |
10% of the cost of vehicles |
New vehicle cost > 50,000 |
12% of the cost of vehicles |
Vehicle run on electricity |
4% of the cost of Vehicles |
Vehicles < 5yrs old |
73-93% as per clause A |
Vehicles 5 yrs to 10 yrs old |
49-69% as per clause A |
Vehicles that are 10 to 15 yrs old |
45-25% as per clause A |
Vehicle Category |
Life Time Tax Applicable |
New vehicle that cost < 5 lakh |
13% of the cost of vehicles |
Between 5 - 10 lakh |
14% of the cost of vehicles |
10-20 lakhs |
17% of the cost of vehicles |
> 20 lakhs |
18% of the cost of vehicles |
Vehicles that are 10-15 yrs old |
25-45 % as per clause A |
Taxes are applied on Classic and Vintage cars as well:
Classic: 1000
Vintage: 500
Tax on Imported Vehicles:
The selling cost of the vehicle will include cost price, customs duty and other costs.