Taxes are a topic that most people are anxious about but, at times, the taxes could be so high on certain items, that they leave you bewildered.
You would not have imagined the amount of tax you pay for a Toyota Innova Crysta. In fact, for any car, the taxes could range anywhere from 43% to a whopping 81%. Unfortunately, the popular Innova Crysta MPV falls in the latter category. Innova has become a household name in our market and it is, by far, the most successful MPV in the country that now belongs to a premium segment. Originally launched as an affordable 7-seater, now that segment is captured by the Maruti Ertiga. Toyota has made the Crysta a lot more premium and comfort-oriented with the top model priced at Rs 25.68 lakh, ex-showroom.
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Tax On Toyota Innova Crysta
In an interesting discovery, the on-road price of this top trim of the Innova Crysta comes out to be Rs 31.66 lakh. Breaking this down, one has to pay Rs 4.72 lakh GST, Rs 3.37 lakh Cess, Rs 5.24 lakh Road Tax, Rs 1.14 lakh Insurance and Rs 28,000 TCS, Misc. The real price of the vehicle is Rs 16.88 lakh. This amounts to a total of Rs 31.66 lakh when the final on-road price is calculated. Hence, on the real cost of the vehicle, you are paying 81% tax, which is quite unbelievable. This post should help you stay informed about the tax situation in the automobile industry.
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The current-gen Toyota Innova Crysta is offered with 2.7-litre petrol and a 2.4-litre diesel mill. The former develops 166 PS and 245 Nm of peak power and torque, while the latter shreds out 150 PS of power and 360 Nm of torque. Transmission duties are done by a 5-speed MT or 6-speed automatic transmission. The prices range between Rs 17.86 and Rs 25.68 lakh, ex-showroom.
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Let us know your thoughts about the taxes that you are paying on your car. Was this post helpful in bringing you information about the break-down of your car’s on-road price and were you expecting this?