1. Build your Credit Score
2. Reduce your Current Borrowing / EMI Costs
Class | One time tax |
New motorcycles | 6% of Purchase cost |
New three wheelers | 6% of Purchase cost |
The rates can be applied on private non-transport vehicles.
Class | Capacity | One Time Tax |
Private service vehicles for personal use | Less than 1500 cc | 6% of Purchase value |
Motor Cars | Less than 1500 cc | 6% of Purchase value |
Private service vehicles for personal use (NTV) | 1500 cc and above | 8% of Purchase value |
Age of Vehicle | Tax Payable |
1 year and less | 6% of purchase value |
> 1 year and up to 2 years | 5.58% |
> 2 year and up to 3 years | 5.22% |
> 3 year and up to 4 years | 4.80% |
> 4 year and up to 5 years | 4.38% |
> 5 year and up to 6 years | 4.02% |
> 6 year and up to 7 years | 3.60% |
> 7 year and up to 8 years | 3.18% |
> 8 year and up to 9 years | 2.82% |
> 9 year and up to 10 years | 2.40% |