It will be a costly affair to own bikes and cars in Haryana given the State Administration decides to raise road taxes across the state. In accordance with the latest official reports, the State Government took this decision after considering the road tax hike proposed by the Transport Department. The hike has mainly been made for the vehicles including both two wheelers and four wheelers that are used for private means.
The tax rate would remain same for two wheelers whose costs doesn’t exceed Rs.20,000. Other vehicles whose price range between Rs.20,000 to Rs.60,000 will have four percent tax levied on them. Similarly, it will be 6 percent for those whose price falls in the range of Rs.60,000 to Rs.2,00,000. For rest of the vehicles that cost above Rs. 2 lakhs the tax rate will be 8 percent.
Previously, the road tax rates were four percent and five percent for the vehicles whose price fell in the range of Rs.60,000 to Rs. 4 Lakh and Rs.5 lakhs respectively.
Moving over to four wheelers, motorists owning cars or other four wheeler that cost up to Rs.6 lakh will have to pay road tax up to 3 percent. The same figure will grow to six percent for vehicles in the range of Rs.6,00,000 – Rs.20,00,000. The official statement that announced these hikes also stated that Punjab Government has been ahead of them in revising taxes and has been following new tax regime since 2012. The new rates are certainly in accordance with tax rates of other adjoining states.