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SCHEDULE PART - A5

“Part A5”

(See Section 3(1))

Lifetime Tax for Motor cars, Jeeps, Omni Buses and Private Service Vehicles.

Sr. No. Class of vehicles Motor cars, Jeeps, Omni Buses and Private Service Vehicles having floor area up to 5 Sq. Mtrs, cost of which does not exceed Rs. 5 Lakhs. Motor cars, Jeeps, Omni Buses and Private Service Vehicles having floor area up to 5 Sq. Mtrs, cost of which exceedsRs 5 Lakhs but does not exceed ing Rs.10Lakh< Motor cars, Jeeps, Omni Buses and Private Service Vehicles having floor area up to 5 Sq. Mtrs, cost of which exceeds Rs10 Lakhs but does not exceed ingRs20 Lakhs Motor cars, Jeeps, Omni Buses and Private Service Vehicles having floor area up to 5 Sq. Mtrs, cost of which exceed Rs.20 Lakhs. Motor cars, vans run on Electricity

A

At the time of Registration of New Vehicle

13 % of cost of the Vehicle

14 % of the cost of the Vehicle

17% of the cost of the Vehicle

18% of the cost of the Vehicle

4% of the cost of the Vehicle

 

w.e.f., 01/04/2016

B

If the vehicle is already registered and its age from the month of Registration is:

Percentage of the Life Time Tax levied under Clause A

Percentage of the Life Time Tax levied under Clause A

Percentage of the Life Time Tax levied under Clause A

Percentage of the Life Time Tax levied under Clause A

Percentage of the Life Time Tax levied under Clause A

1

Not more than 2 years

93%

93%

93%

93%

93%

2

More than 2 Years but not more than 3 Years

87%

87%

87%

87%

87%

3

More than 3 Years but not more than 4 Years

81%

81%

81%

81%

81%

4

More than 4Years but not more than 5 Years

75%

75%

75%

75%

75%

5

More than5Years but not more than6 Years

69%

69%

69%

69%

69%

6

More than6Years but not more than7 Years

64%

64%

64%

64%

64%

7

More than7Years but not more than 8 Years

59%

59

59%

59%

59%

8

More than 8Years but not more than 9 Years

54%

54%

54%

54%

54%

9

More than9Years but not more than10 Years

49%

49%

49%

49%

49%

10

More than10Years but not more than11 Years

45%

45%

45%

45%

45%

11

More than11Years but not more than12 Years

41%

41%

41%

41%

41%

12

More than12Years but not more than13 Years

37%

37%

37%

37%

37%

13

More than13Years but not more than 14 Years

33%

33%

33%

33%

33%

14

More than14Years but not more than 15 Years

29%

29%

29%

29%

29%

15

More than15 years

25%

25%

25%

25%

25%

 

Notes:

  1. In respect of vehicles for which life time tax was due prior to the 1st day of April 2010, but has not been paid ,such tax shall be collected at the rates prevailing prior to such day along with the penalty due ,if any
  2. Purchase Invoice shall be produced in respect of vehicles which are registered on or after 1st day of April 2007.
  3. Cost of the vehicle in relation to a motor vehicle means –
    • In respect of a vehicle manufactured in India, cost of the vehicle as per the purchase invoice issued either by the manufacturer or by the dealer of the vehicle including the excise duty, sales tax, surcharge or cess, entry tax etc., as payable in the State of Karnataka; and
    • In respect of an imported motor vehicle, irrespective of its place of manufacture, the total cost incurred in importing the vehicle , that is to say, the value of the motor vehicle as endorsed in the Bill of Entry or such other document and assessed as such under the Customs Act. 1962, together with the Customs Duty levied, freight charges incurred and other taxes levied thereupon including additional duty/penalty levied if any, by the Customs Department or any other Department.”
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