Delhiites will now have to shell out more on cars and bikes. The Delhi government will on Wednesday notify the cabinet's decision to increase road tax on such vehicles to generate additional revenue. Delhi cabinet had given the go-ahead to the fee hike on May 24 to generate more revenue from road tax and to discourage the use of private vehicles. On an average, nearly 1,000 new vehicles are registered in the capital every day.
As per the revised road tax norms, those buying two-wheelers costing up to Rs 25,000 will have to pay the existing rate of 2% while two-wheelers in the price range of Rs 25,000 to Rs 40,000 will attract a road tax of 4%. Two-wheelers exceeding Rs 40,000 will be charged 6% as road tax, sources said.
Similarly, for cars costing up to Rs 6 lakh, the tax has been increased to 4% from the existing 2%, while cars in the price range between Rs 6 lakh and Rs 10 lakh will attract 7% road tax. In case of cars costing above Rs 10 lakh the road tax will be 10%. The registration rates of public carrier vehicles, however, will remain the same.
With thanks : source : Times of India
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