Total Tax On Purchase A New Car 2020

September 22, 2020

Every year thousands of cars are purchased in the country. Some of them are less expensive and some are expensive. When the car comes out of the factory the price is not as much as the price. That is, after leaving the vehicle from the factory, it is taxed.

In India, the central government has imposed 28% GST on cars. Surcharge is also levied above this GST. After the GST, the state government’s registration fee, insurance and fast tag charges are also levied on buying the car. Due to all this, the price of the car increases significantly.
If calculated, the total tax levied on the car is half the cost of the show room of the car.
Here in Bihar, different tax details are being given for buying different cars.

  • Maruti Alto LXI –
  • Showroom Price – Rs. 2,77,442
    GST+ Cess – Rs. 80,458 (29% of Showroom Price)
    Registration Fee – Rs. 40,900
    Insurance – Rs. 15,699
    Fast Tag – Rs. 650
    Total Tax – Rs. 1,37,707
    Tax in % – Rs. 49.6%
    On Road Price Of Car – Rs. 4,15,149

  • Maruti Dzire VXI
  • Showroom Price – Rs. 5,26,357
    GST+ Cess – Rs. 1,25,687 (29% of Showroom Price)
    Registration Fee – Rs. 73,050
    Insurance – Rs. 27,898
    Fast Tag – Rs. 650
    Total Tax – Rs. 2,54,241
    Tax in % – Rs. 48.3%
    On Road Price Of Car – Rs. 7,80,598

  • Maruti Swift VXI
  • Showroom Price – Rs. 5,41,860
    GST+ Cess – Rs. 1,57,140 (29% of Showroom Price)
    Registration Fee – Rs. 67,050
    Insurance – Rs. 26,594
    Fast Tag – Rs. 650
    Total Tax – Rs. 2,51,434
    Tax in % – Rs. 46.4%
    On Road Price Of Car – Rs. 7,93,294

  • Hyundai Creta
  • Showroom Price – Rs. 7,75,186
    GST+ Cess – Rs. 2,24,804 (29% of Showroom Price)
    Registration Fee – Rs. 1,12,000
    Insurance – Rs. 53,009
    Fast Tag – Rs. 650
    Total Tax – Rs. 3,90,453
    Tax in % – Rs. 50.4%
    On Road Price Of Car – Rs. 11,65,649

  • Honda City
  • Showroom Price – Rs. 8,44,853
    GST+ Cess – Rs. 2,45,037 (29% of Showroom Price)
    Registration Fee – Rs. 1,23,639
    Insurance – Rs. 35,608
    Fast Tag – Rs. 650
    Total Tax – Rs. 4,04,934
    Tax in % – Rs. 47.9%
    On Road Price Of Car – Rs. 12,49,887

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