Kerala road tax

When planning to buy a new car, there are various factors to consider. You may pay attention to the car's features, its ex-showroom price, or perhaps the road tax. Road tax is a crucial component of the final amount you pay for your vehicle, and it is collected by the government. While the price of cars can vary considerably, the road tax also differs from state to state, and this can have a significant impact on your budget for buying a new car.

For instance, in Kerala, road tax plays an important role in determining the final cost of your vehicle. The higher the road tax, the more you will need to factor it into your budget when making a purchase. But what if there was a way to make this cost more manageable?

This is where Bajaj Finserv New Car Loans come into play. Our car loans cover up to 100% of your new car’s on-road price, including the road tax. Additionally, you may already be pre-approved for one of our loans. Check your offer today and take the first step toward owning your new car.

Keep reading to understand how road tax in Kerala affects your car price and how our new car loans can assist you with these costs.

Kerala road tax

Road tax in Kerala is a compulsory fee that car owners must pay to use public roads. This tax is crucial for the upkeep and enhancement of the state’s road infrastructure. Road tax is calculated based on factors like the vehicle’s price, engine capacity, and type, and it varies from state to state. In Kerala, road tax can significantly increase the overall price of your vehicle, depending on its specifications.

When purchasing a new car in Kerala, it is essential to consider the road tax along with the ex-showroom price. The road tax may vary depending on whether the car is powered by petrol, diesel, or CNG. Understanding the road tax system can help you make more informed financial decisions when buying a car in Kerala.

Kerala road tax calculation

So, how is the road tax in Kerala calculated? In Kerala, the road tax is determined by various factors, including the vehicle’s weight, engine capacity, and age. Generally, heavier vehicles are taxed at higher rates, and older vehicles may incur different rates due to environmental considerations and emissions levels. The purpose of the vehicle, whether it is for personal or commercial use, also affects the tax, with commercial vehicles typically paying higher taxes.

Other contributing factors include the vehicle’s seating capacity, engine size, and dimensions (length and width). Larger vehicles such as SUVs, trucks, and other large cars usually attract higher road taxes compared to smaller vehicles. Fuel type also plays a role, with eco-friendly vehicles often benefiting from lower road tax rates.

For example, if you buy a new car with an engine capacity of 1,500 cc and the car costs ₹15 lakh, the road tax could be around 4-5% of the vehicle’s price. This means the road tax alone could range between ₹60,000 and ₹75,000.

Does this seem like a substantial additional expense? Road tax can sometimes be an unexpected burden for car buyers. But what if you could make the process easier by financing the road tax along with your other car expenses? With a Bajaj Finserv New Car Loan, you can finance the full cost of your car, including the road tax. Curious about how much you could borrow? Simply check your new car loan eligibility in just a few clicks and take one step closer to owning your new car in Kerala.

Road tax in Kerala for new cars

When purchasing a new car in Kerala, it’s crucial to be aware of the road tax applicable based on the car’s price, engine capacity, and fuel type. Road tax plays a significant role in determining the overall cost of your new car. Here’s a breakdown of road tax for different vehicle categories:

Class of vehicle	Tax rate
New motor cars with purchase value up to Rs. 5 lakh	10% of purchase value
New motor cars with purchase value from Rs. 5 lakh to Rs. 10 lakh	13% of purchase value
New motor cars with purchase value from Rs. 10 lakh to Rs. 15 lakh	15% of purchase value
New motor cars with purchase value from Rs. 15 lakh to Rs. 20 lakh	17% of purchase value
New motor cars with purchase value above Rs. 20 lakh	22% of purchase value

As the car price increases, so does the road tax. It’s essential to factor this into your budget when planning your new car purchase in Kerala.

How to pay Kerala road tax online?

Paying road tax in Kerala has been made more convenient with online services. Here’s how you can pay your road tax online in Kerala:

1. Visit the official e-Vahan website at https://parivahan.gov.in/ and enter your vehicle details.
2. Navigate to the 'Online Services' section and select ‘Pay Vehicle Tax’.
3. Enter your vehicle registration number and other required details.
4. The portal will display your vehicle’s information and any outstanding tax dues.
5. Proceed with payment using a debit card, credit card, or net banking option.
6. After successful payment, you will receive an electronic receipt for your records.

This online service simplifies the process of paying road tax in Kerala, saving you the hassle of visiting the transport office.

Road tax in Kerala is a key factor that adds to the overall cost of your new car. It is important to consider this tax while budgeting for your car purchase. However, the good news is that Bajaj Finserv New Car Loans can help you finance your car purchase, including the road tax. With flexible repayment options and competitive interest rates, you can get closer to owning your dream car.

Ready to buy your new car? Check your pre-approved offer today and finance your car, including road tax, through Bajaj Finserv New Car Loans.