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Low Income Tax on Vehicles

Activities related to car sale, purchase, registration or transfer all includes tax avoidance depending on the status of person if he is filer or non-filer. The filer will save on a car tax rate as compared to non-files.

Sr. #Vehicles CategoriesEngine Capacity/SeatsFilerNon-Filer
1PrivateFrom 851 cc to 1000 ccRs 10,000Rs 20,000
2PrivateFrom 1001 cc to 1199 ccRs 1,500Rs 3,000
3PrivateFrom 1200 cc to 1299 ccRs 1,750Rs 3,500
4PrivateFrom 1300 cc to 1499 ccRs 2,500Rs 5,000
5PrivateFrom 1500 cc to 1599 ccRs 3,750Rs 7,000
6PrivateFrom 1600 to 1999 ccRs 4,500Rs 9,000
7PrivateFrom 2000 and AboveRs 10,000Rs 20,000
8CommercialLoading Pickup/Mini Truck/TruckRs 2.50 per KgRs 5.00 per Kg
9CommercialPassenger Vehicle (Upto 9 Seats)Rs 50 per SeatRs 100 per Seat
10CommercialPassenger Vehicle (10 to 19 Seater)Rs 100 per SeatRs 200 per Seat
11CommercialPassenger Vehicle (20 & More Seater)Rs 300 per SeatRs 600 per Seat

Low Tax on Prize bond Win

Government by the Revenue Bill, 2020 proposed stronger mechanisms for non-filers to expand the tax base and generate more revenue and files remain intact. In this regard, the tax withholding rate on the prize bond or cross puzzle has been suggested to be increased to 30 percent from 25 percent for non-filers. However, the withholding tax rate for the file has not changed by 15 percent. The huge gap in holding tax rates clearly shows the intention and thinking of the government is that they try to boost the cost of the non-filers transactions and force them to declare their income and assets. Similarly, the fiscal bill also suggested improvements and changes in the withholding tax rates to 17.5% from the current 15% in revenue received by the company from non-fileable immovable property.

Save on Withholding Tax

There are major advantages of being a tax file and the disadvantages of non-filers, after completing income tax returns, the file name will be registered on the applicable taxpayers list (ATL). Similarly, if tax files have the potential to withhold tax, the file will have to pay only half the reserved tax as compared to non-filers. In any transaction conducted by the bank you will be able to maintain the WHT compared to non-filers. Withdrawal (Over $ 50,000): Filer – 0,3%, Non-File – 0,6% Rs. 300 per lac for files and Rs. 600 per lac for non-filers. No taxes are filed on bank transactions (Cross check, pay order, seek draft etc.).

If you own a business and you are a Filer then the withholding taxes will be reduced on your invoices compared to the non-file business. When any business person makes a payment, the following tax difference applies to file and non-file users:

Provided by distributors:
Filer – 3%, Non-filer 3.5% Exports:
Filer – 4%, Non-filer – 6% For Sale Of Other Goods (Exclusive):
Filer – 4.5%, Non-filer – 6.5% Electronic Payment or Print Ad Media:
Filer – 1.5%, Non-filer – 12 to 15% For Travel Operations (Company):
Filer – 8%, Non-filer – 12% For Travel Services (Outside Company):
Filer – 10%, Do Not File – 15% Implementation of Any Other Contract (Company):
Filer – 7%, Non-filer – 10% Execution of Other Contract (Outside Company):
Filer – 7.5%, Non-filer – 10.5% In selling petrol products at the gas pump:
Filer – 12%, Non-filer – 15% a

On Funds Withdrawal

Although general duties unrelated to any company or organization are currently tax exempt and filers are not required to pay tax even if there is no matching tax for users. These taxes are very high for non-filers and you often put up with paying a large amount of daily services, services and products.

  • On Online money transfer over 25,000
  • Get profit on National Savings Scheme (by Government / private) or Savings
  • Profit on debt paid by banking companies
  • Get Profit on bonds , certificates, debentures, securities etc

These taxes are very high for low-income taxpayers and you often end up paying huge prices for daily services, services and products.

  • On Online money transfer or other electronic mail (Over 25,000):
    • Filer – 0.3%, Non-filer – 0.6%
  • Income on deed:
    • Filer – 10% to 15%, Non-filer – 17.5%
  • Profit on National Savings Scheme or Post Office Savings:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
  • Profit on debt paid by banking company:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)
  • Profit on bonds , certificates, debentures, securities:
    • Filer – 10%, Non-filer – 17.5% (Over Rs. 5 lacs)

Save on Property Buying

On property transfer active tax payer pay only 1% tax against double tax paid by non-filers 2%, and tax filer pay 2% on total amount of purchased property while non-filer again pay double amount 4% on the same property. A non-filer is not allowed to  purchase any property having valued over Rs five million whereas active tax payers are not barred from purchasing any property. Whether you are a novice or an experienced player, Slotogate has something for everyone. With its comprehensive selection of casinos and great range of features, Slotogate is the perfect platform for all your online gambling needs. The platform also boasts a range of bonuses and promotions, with special offers tailored to each player’s individual needs. Slotogate strives to offer the best online casino with instadebit experiences, with a comprehensive review system that allows players to evaluate each casino and make an informed decision. All online casinos featured on Slotogate are licensed and regulated, making sure that players can enjoy a safe and secure gambling experience. The filer pays 10 percent tax on auctioning by government, where as non-filers pays 15 percent on the auction of goods of government and other companies. In simple words you will save taxes when buying/ selling or transfer of property.

  • You will save your money when buying/ selling or transfer of Property.
  • On property transfer tax ratio for:
    • Filer – 1%, Non-filer – 2%
  • On purchase of property (over Rs. 40,00,000) value tax ratio for:
    • Filer – 2%, Non-filer – 4%filer
Sr. #ActivityFilersNon-Filers
1Purchase of Property (over Rs. 40,00,000)2%4%
2Property Transfer1%2%

Save on Vehicle Purchase

You will save much on registration of vehicles and transfer of vehicles. Withholding Tax on registration of vehicle is around 15,000 to 2,50,000 for filers while 25,000 to 4,00,000 for non-filers. You will also save on vehicle token tax being a filer as compared to non-filers. 

  • Annual tax for transporters and transport service providers:
    • Goods transport capacity:
      • Filer Rs. 2.5/kg; Non-filer: Rs. 4/kg
    • Vehicle with weight capacity of over 8,120 KG: Rs. 1,200
  • Passenger transport service providers:
    • Capacity between 4 to 9 passengers:
      • Filer – Rs. 50 per seat, Non-filer Rs. 100 per seat
    • Capacity between 10 to 19 passengers:
      • Filer – Rs. 100 per seat, Non-filer Rs. 200 per seat
    • Capacity of 20 passengers or more:
      • Filer – Rs. 300 per seat, Non-filer Rs. 500 per seat
Sr. #Purchase of VehiclesFilersNon-Filers
1Under 851CCRs 10,000Rs 10,000
2851CC – 1000CCRs 20,000Rs 25,000
3 1001CC – 1300CCRs 30,000Rs 40,000
41301CC – 1600CCRs 50,000Rs 100,000
51601CC – 1800CCRs 75,000Rs 150,000
61801CC – 2000CCRs 100,000Rs 200,000
72001CC – 2500CCRs 150,000Rs 300,000
82501CC – 3000CCRs 200,000Rs 400,000
9Above 3000CCRs 250,000Rs 450,000