https://www.taxtmi.com/news?id=36814 The budget amends vehicle taxation by imposing a 6 per cent tax on electric vehicles priced above Rs 30 lakh, increasing the Motor Vehicles Tax ceiling from Rs 20 lakh to Rs 30 lakh, raising Motor Vehicle Tax by 1 per cent for individual-owned non-transport CNG and LPG four-wheelers, and applying a 7 per cent tax to construction vehicles and light goods vehicles up to 7,500 kg to generate additional state revenue in 2025-26. en-us Mon, 10 Mar 2025 18:01:03 +0530 Mon, 10 Mar 2025 18:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36814 The budget amends vehicle taxation by imposing a 6 per cent tax on electric vehicles priced above Rs 30 lakh, increasing the Motor Vehicles Tax ceiling from Rs 20 lakh to Rs 30 lakh, raising Motor Vehicle Tax by 1 per cent for individual-owned non-transport CNG and LPG four-wheelers, and applying a 7 per cent tax to construction vehicles and light goods vehicles up to 7,500 kg to generate additional state revenue in 2025-26. News - Mon, 10 Mar 2025 18:01:03 +0530 https://www.taxtmi.com/news?id=36814