RTA moots hike in vehicle life tax

Published: 17th September 2012 12:31 PM  |   Last Updated: 17th September 2012 12:31 PM   |  A+A-

The transport department on Friday sent fresh proposals to the state government for hiking life tax for two, three and four wheelers. The proposed life tax will be 2 per cent more for two wheelers and 1-2 percent more for four wheelers.

For the first time, the transport officials have proposed life tax for auto-rickshaws, tractors, trailers and light goods vehicles. However, the RTA officials have spared two wheelers which cost less than Rs 50,000.

According to the officials, the present life tax of 9 percent has been proposed to be hiked by two percent for two wheelers which cost more than Rs 50,000. The life tax for four wheelers is proposed to be hiked by one percent for those which cost less than Rs 10 lakh and by two percent for those which cost more than Rs 10 lakh. At present, regardless of the price, the tax for four wheelers is 12 per cent.

The department has proposed a two percent hike, from 14 to 16 percent, for non-transport vehicles. For auto-rickshaws, single tractors and trailers, agricultural tractors and trailers, the hike proposed is of 2 percent. For commercial tractors and trailers and light goods vehicles, it would be 7 percent. If the government nods to the proposal, buyers would have to shell out anywhere between Rs 1,000-Rs 2,000 per lakh of the value of the vehicle.

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