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10% lifetime tax on electric cars above Rs 25 lakh in Bengaluru
short by Mohul / on Sunday, 10 March, 2024
Karnataka introduces new taxation rules impacting transport vehicles & electric vehicles. With a 3% additional cess on newly registered transport vehicles, the state aims to support social security measures. Additionally, EVs costing over Rs 25 lakh will now face a 10% lifetime tax. These changes signal a shift in Karnataka's vehicle taxation policy, affecting both transport operators and EV.
read more at Trak.in