Budget 2022-23: List of taxes imposed on cars from 850cc to 3000cc

The government has unveiled the fiscal budget for 2022-23 which shows several significant changes. Under the new budget, the government has doubled the tax on cars with horsepower over 1,600cc.

"Provided that in cases where engine capacity is not applicable and the value of the vehicle is Rs5 million or more, the rate of tax collectable shall be 3% of the import value as increased by customs duty, sales tax, and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured or assembled vehicles," the Finance Bill read.

Here’s a list of taxes to be paid on vehicles:

Engine Capacity	Tax
Upto 850cc	Rs10,000
851cc to 1000cc	Rs.20,000
1001cc to 1300cc	Rs25,000
1301cc to 1600cc	Rs50,000
1601cc to 1800cc	Rs150,000
1801cc to 2000cc	Rs200,000
2001cc to 2500cc	Rs300,000
2501cc to 3000cc	Rs400,000
Above 3000cc	Rs500,000