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As the Indian government continues to impose various taxes and levies on vehicles, many car owners are left wondering how to mitigate these costs. One such tax that has gained significant attention is the road tax, also known as the registration tax. In this article, we will delve into the world of road tax, exploring its implications, benefits, and possible ways to save on it.
What is Road Tax?
Road tax, also known as registration tax, is a type of tax levied by the government on vehicles when they are registered for the first time. The tax is calculated based on the engine capacity of the vehicle, with higher engine capacity vehicles attracting higher tax rates. The tax is usually paid when the vehicle is first registered, but it can also be paid when the vehicle is transferred to a new owner.
How Much Can You Save?
The amount of road tax payable varies depending on the state and the engine capacity of the vehicle. However, a rough estimate suggests that a car owner can save up to ₹1,50,000 by choosing a vehicle with a lower engine capacity. For instance, a car with a 1.5-liter engine may attract a lower tax rate compared to a car with a 2.0-liter engine.
Why Choose a Lower Engine Capacity Vehicle?
While a lower engine capacity vehicle may not offer the same level of performance as a higher engine capacity vehicle, it can still provide excellent fuel efficiency and reliability. Moreover, with the rising fuel prices, opting for a lower engine capacity vehicle can help car owners save on fuel costs in the long run.
What are the Alternatives?
If you are looking for alternatives to lower engine capacity vehicles, here are a few options:
Creta: A popular compact SUV from Hyundai that offers excellent fuel efficiency and features a 1.5-liter engine.
Vento: A compact sedan from Volkswagen that features a 1.5-liter engine and offers excellent fuel efficiency.
XUV500: A compact SUV from Mahindra that features a 1.5-liter engine and offers excellent fuel efficiency.
What are the Pros and Cons?
Choosing a lower engine capacity vehicle can have its pros and cons. Here are a few points to consider:
Pros:
Lower road tax
Better fuel efficiency
Lower maintenance costs
Cons:
Lower performance
Limited power output
Limited towing capacity
What are the Future Implications?
As the government continues to impose various taxes and levies on vehicles, car owners must be aware of the future implications of their choices. With the rise of electric vehicles, car owners may soon have to pay an additional tax on their vehicles. Moreover, the government may also impose a tax on carbon emissions, which could affect the cost of owning a vehicle.
Final Verdict
Choosing a lower engine capacity vehicle can be a cost-effective option for car owners who are looking to save on road tax. While it may not offer the same level of performance as a higher engine capacity vehicle, it can still provide excellent fuel efficiency and reliability. With the rising fuel prices and the government's focus on reducing carbon emissions, opting for a lower engine capacity vehicle can be a wise decision for car owners in the long run.
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Viewer Comments
Now electric vehicles people are thinking twice.. because some of the escooters burned recently
NeutralEV vehicle Pros & Cons comparison vera level...keep spread informative contents❤️
NeutralEV also pollute environment. It's Myth it's non polluting. You will save road tax, but you lose resale.
NeutralHi Mohan Bro.. one doubt on taxation you have shown in the graph... If I am in 30 % tax bracket, the real benefit you told is Total interest *0.30 = Rs.XX. But is that for whole loan duration period or for every year as per the corresponding interest paid for that year? .. which means Rs.1,37,771 every year for whole loan duration or max the interest paid for the corresponding year... This part is not clear.. every other explanation is so beautiful and well structure... Of course need to add the battery replacement cost as well.
NeutralNegative is very important point. Infrastructure illama verum car vangi enna panna?
NeutralDc charger available at tindivan akasya hotel, so don't say if you buy in full amount you save lot money else you may need to spend for battery after 7 yrs around 7lacs
NeutralSemma bro.... All videos pakuren but innaiku than commenting..... Ur making gud videos keep it up. Next taxation pathi video podunga mainly physically challenged persons'ku eruka spl things in tax n govt relaxation n athai eppady climb pandrathu ellam podunga bro!!!
Neutralநண்பா எனக்கு ஒரு நான் ஒரு cal வந்தது அதில் நான் கடன் வாங்கி இருப்பதாகவும் சொனாங்க ஆனா எனக்கு அந்த bank la account கூட கிடையாது.அவங்க சரியா சொன்ன ஒரே விஷயம் என் பெயர் மட்டும் தான் ஆனால் எப்படி எனக்கு சரியாக கால் வருது.அந்த வங்கி யிடம் காசு வாங்கி நபர் மேலும் 3 வங்கியில் கடன் வாங்கி இருக்கான்.இப்படி பல வங்கியில் அவன் கடன் வாங்கி இருக்கான்.ஆனால் எனக்கு தான் கால் வருது.சரி என்னோட நம்பர் எப்படி தெரிந்தது என்று கேட்டதுக்கு உங்க sibi அவர் sibi merge ஆகி இருக்கு என்று சொன்னாங்க.இதில் எனக்கு உள்ள சந்தேகம் அது எப்படி நான் account வச்சி இல்லாத bank ல அவன் கடன் வாங்கி இருக்கான்.அது எப்படி sibi merge ஆகும்.தயவு செய்து இதற்கு ஒரு வழி சொல்லுங்கள்.
NeutralAndha benefits tharamatanga nanba. Andha tax ku equelant ah price ah yethi company and dealers profit parpanga.....
NeutralRespected sir if Every monthly 10000 rupees in 10% rate of interest, invest for 30 year @compound interest then end of the 30 year how much amount =?
NeutralIndha model petrol vehicles are cheaper not 14 lakhs.
NeutralTalk about crypto currency and it's taxation
NeutralPls tell us about NPS and it’s additional benefits Income Tax
NeutralGood one bro, keep it going... 👍
NeutralPlease talk about medical insurance and which one to take also the tax benefits Mohan
NeutralNa 80C,80D, full an cIaim Panitan future la housing loan vanguna Principle and interest 8oc la varathu la? one video fulla Salaried professional eduka Kudiya deductions like ipo sona matri Practical ah solungalan? Like NPS, Donations, Tax free Bonds Pathi solunga Bro
NeutralThank you sir for sharing very good information. 🙏
NeutralPlease talk on mutual fund vs gold etf vs real estate
NeutralWell explained. Useful info
NeutralExplain about NPS ??
NeutralFrequently Asked by Viewers
Q: Hi Mohan Bro.. one doubt on taxation you have shown in the graph... If I am in 30 % tax bracket, the real benefit you told is Total interest *0.30 = Rs.XX. But is that for whole loan duration period or for every year as per the corresponding interest paid for that year? .. which means Rs.1,37,771 every year for whole loan duration or max the interest paid for the corresponding year... This part is not clear.. every other explanation is so beautiful and well structure... Of course need to add the battery replacement cost as well.
A: This question appears frequently among viewers.
Q: Negative is very important point. Infrastructure illama verum car vangi enna panna?
A: This question appears frequently among viewers.
Q: Respected sir if Every monthly 10000 rupees in 10% rate of interest, invest for 30 year @compound interest then end of the 30 year how much amount =?
A: This question appears frequently among viewers.
