Punjab Vehicle Tax Formula:
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The Punjab Motor Vehicle Tax is a mandatory charge levied by the Punjab Transport Department on vehicle owners. The tax amount varies based on the vehicle's cost price and category (private, commercial, etc.).
The calculator uses the simple formula:
Where:
Note: For cars in Punjab, the tax rate typically ranges from 6% to 8% of the vehicle's cost price.
Details: Proper tax calculation ensures compliance with Punjab transport regulations and helps vehicle owners budget for registration costs.
Tips: Enter the vehicle's ex-showroom price in INR and the applicable tax rate percentage. Both values must be positive numbers.
Q1: What are typical tax rates in Punjab?
A: For private cars, it's usually 6-8%. Commercial vehicles may have higher rates. Check latest Punjab Transport Department circulars for exact rates.
Q2: Is this tax paid annually?
A: No, this is a one-time tax paid at the time of vehicle registration.
Q3: Does this include other charges?
A: No, this calculates only the basic tax component. Registration fees, insurance, and other charges are separate.
Q4: How often do tax rates change?
A: Rates may be revised during state budget announcements. Always verify current rates with official sources.
Q5: Are there exemptions?
A: Certain categories like government vehicles or those for disabled persons may have exemptions or concessions.