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ADVANCE TAX ON PURCHASE, REGISTRATION AND TRANSFER OF MOTOR VEHICLES

ADVANCE TAX ON PURCHASE, REGISTRATION AND TRANSFER OF MOTOR VEHICLES – (First Schedule Part IV – Division VII)

 

S. No. Engine Capacity Tax FY-2023  Tax FY-2022 Increase
1. Up to 850 cc Rs. 10,000 Rs. 7,500 Rs. 2,500
2. 851cc to 1000cc Rs. 20,000 Rs. 15,000 Rs. 5,000
3. 1001cc to 1300cc Rs. 25,000 Rs. 25,000 Rs. 0
4. 1301cc to 1600cc Rs. 50,000 Rs. 50,000 Rs. 0
5. 1601cc to 1800cc Rs. 150,000 Rs. 75,000 Rs. 75,000
6. 1801cc to 2000cc Rs. 200,000 Rs. 100,000 Rs. 100,000
7. 2001cc to 2500cc Rs. 300,000 Rs. 150,000 Rs. 150,000
8. 2501cc to 3000cc Rs. 400,000 Rs. 200,000 Rs.200,000
9.   Above 3000cc Rs. 500,000 Rs. 250,000 Rs.250,000

 

Advance Tax on Private Motor Vehicles – Tenth Schedule – Rule (1) – Tax rate for 231B

 

The tax required to be collected under section 231B shall be increased by 200% of the rate specified in First Schedule in case of persons not appearing in the ATL.

 

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