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Andhra Pradesh (AP) government, in an eco-friendly move, has passed ‘AP Motor Vehicles Taxation (Amendment) Bill 2021’ to levy a green tax.
What are the Tax slabs?
Tax increase on new vehicles
Besides green tax, government has increased tax on new vehicles by one percent for the vehicles that costs below Rs 5 lakh. There is a tax increase by 3 per cent on vehicles costing between Rs 10 and 20 lakhs. On the other hand, 18 percent tax will be imposed on luxury vehicles which costs more than Rs 20 lakhs.
By: Brijesh Kumar ProfileResourcesReport error
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