What is the RTO tax in Chandigarh?
What is the RTO tax in Chandigarh?
Tax on Four-Wheelers
| Type of Vehicle | Tax Rate |
|---|---|
| Vehicle cost up to Rs. 4 lakh | 6% tax – Rs. 24,000 |
| Vehicle cost up to Rs. 8 lakh | 6% tax- Rs. 48,000 |
| Vehicle cost up to Rs. 12 lakh | 6% tax – Rs. 72,000 |
| Vehicle cost up to Rs. 18 lakh | 6% tax – Rs. 1,08,000 |
Which state has lowest RTO tax?
Which state has the lowest RTO tax? The north-east region has the lowest road tax. Himachal Pradesh is among the lowest in India.
What is tax on RC?
Tax on 4 Wheelers
| Vehicle category | Life Time Tax Applicable |
|---|---|
| New vehicles that cost Rs. 5 lakhs to Rs. 10 lakhs | 14% of the cost of the vehicles |
| New vehicles that cost Rs. 10 lakhs to Rs. 20 lakhs | 17% of the cost of the vehicles |
| New vehicles that cost more than Rs. 20 lakhs | 18% of the cost of the vehicles |
How RTO tax is calculated?
To calculate Income tax, include income from all sources. Include:
- Income from Salary (salary paid by your employer)
- Income from house property (add any rental income, or include interest paid on home loan)
- Income from capital gains (income from sale purchase of shares or house)
What does RC tax and accounting stand for?
At RC Tax & Accounting we are committed to building long-term relationships with each of our clients. Our goal is to partner with you, to determine your specific financial needs and to provide optimum services that help you achieve your personal and/or business goals.
How is road tax calculated in Punjab and Chandigarh?
Road Tax : Road Tax Slabs are 9% to 11% in Punjab but amount calculated before GST, while in Chandigarh varies from 6% to 8%. Given Tax is Indicative Road Tax as Price taken is before GST
Who is the head of Excise and taxation department in Chandigarh?
The Department is headed by the Excise and Taxation Commissioner, who is superintending this office through the Deputy Excise and Taxation Commissioner under various enactments referred to above. The Finance Secretary, U.T., Chandigarh holds the charge as The Secretary, Excise and Taxation Department.
Who is the Finance Secretary of Chandigarh?
The Finance Secretary, U.T., Chandigarh holds the charge as The Secretary, Excise and Taxation Department. The department contributes a major chunk of revenue to the exchequer and the Administration of every enactment is being ensured in accordance with the statutory provisions of the Act and Rules framed there under.