• Source:JND
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The high-end vehicles, including CNG and LNG cars and good carriers, are set to become costlier in Maharashtra from today. The cost rise is attributed to the revised one-time tax structure of the state government, the official said. The cap for one-time tax has been increased from Rs 20 lakh to Rs 30 lakh.

How will it affect your pocket?

For petrol: In Maharashtra, the one-time tax for a petrol vehicle registered under the name of an individual is

-Below 10 lakh: 11%
-10-20 lakh: 12%
-Above 20 lakh: 13%

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For Diesel vehicles registered under the name of an individual:

-Below 10 lakh: 13%
-10-20 lakh: 14%
-Above 20 lakh: 15%

There is a rise of 1 per cent in taxes. Similarly, the taxes for the CNG vehicles have also been increased. The CNG vehicles in the state will not attract 1 per cent more tax across all brackets.

For high-end vehicles, this increase may rise up to Rs 20 lakh based on the ex-showroom price. For example, high-end diesel and petrol cars registered under an individual's name, with ex-showroom prices around Rs 1.33 crore and Rs 1.54 crore, respectively, will now attract more than Rs 20 lakh in one-time tax, RTO officials said on Monday.

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Tax on commercial, company vehicles also increased 

Commercial vehicles, including pickup trucks and construction vehicles weighing up to 7,500 kg, will now attract a 7 per cent tax on all price categories. Earlier, the weight-based system was used to incur tax. With the new system, the cost of this category of vehicle priced at Rs 10 lakh is expected to rise by Rs 50,000.

Moreover, the vehicles registered in the name of a company or imported will now be taxed at a flat 20 per cent. The government has continued to exempt electric vehicles (EVs) from the revised tax structure.

(With PTI Inputs)