Email: president@rtoaifmvd.in

 
 

How to Calculate the Tax

 

A) Tax for Transport Vehicles

Let Annual Tax = Rs. x
1 Quarterly Tax = x/4 + [10 % of x/4]
2 Biannual Tax / Half Yearly Tax = 2 x Quarterly Tax.
3 Two Months Tax = x/6 + [ 15 % of x/6 ]
4 One Month Tax = x/12 + [ 20 % of x/12]

 

B) Calculation of Special Permit Tax

Let rate of Special Permit Tax = Rs. x Per Seat Per Annum,
Let rate of Tax against Substantive Permit = Rs y Per Seat Per Annum
1

For Vehicles Registered in Maharashtra State

Tax per seat per day = {(x – y ) + [ 10 % of (x-y) ]}÷360

2

For Vehicles Registered in Other States

Tax Per Seat per day = {x + [ 10 % of (x) ]}÷360