Bagmati Province Revises Yearly Tax Rates For Four-Wheelers
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Bagmati Province has revised the yearly tax structures of four-wheelers for 2078/79 B.S. The Monetary Act 2078 issued by Bagmati Pradesh has increased the annual tax on all types of cars, jeeps, vans and microbuses with the start of the new fiscal year.
The state government has increased the annual tax from Rs 1,000 to Rs 9,000 depending upon the engine capacity. Given below are the new tax rates as per the revision.
| Displacement | Annual Tax Amount |
|---|---|
| Below 1000cc | Rs 22,000 |
| 1001cc-1500cc | Rs 25,000 |
| 1501cc-2000cc | Rs 27,000 |
| 2001cc-2500cc | Rs 37,000 |
| 2501cc-3000cc | Rs 50,000 |
| 3001cc-3500cc | Rs 60,000 |
| 3500cc above | Rs 65000 |
The new annual tax structure for four-wheelers up to 1000 cc engine capacity is Rs. 22,000. Earlier, it was Rs 21,000. Similarly, four-wheelers with engine capacity of more than 1001 cc to 1500 cc will now have to pay Rs 25,000 in annual tax. Earlier, the annual tax was Rs 23,500. Likewise, the new annual tax structure for four-wheelers from 1501 cc to 2000 cc is Rs 27,000. Earlier, it was only Rs 25,00.
Furthermore, the new yearly tax rate for four-wheelers with engine capacity between 2001 cc to 2500 cc is Rs 37,000. Moreover, four-wheelers with engine capacity between 2501 cc to 3000 cc will now have to shell out Rs 50,000, an increment of Rs 9,000 from the earlier rate. Similarly, four-wheelers with a cubic capacity between 3001 cc to 3500cc will now pay Rs 60,000 in annual tax. Finally, four-wheelers above 3500cc will have to pay Rs 65,000 in annual tax.
Also Read: Bagmati Province Increases Yearly Tax Structures For Two-Wheelers
