Odisha road tax

When you're thinking about purchasing a new car, what factors do you prioritize the most? Is it the ex-showroom price, the features, or the road tax? Road tax is one of the important components in the final price of your car, which you pay to the government. While car prices may differ, road tax varies from state to state and can significantly impact your car-buying budget.

For example, in Odisha, road tax can be a substantial addition to the overall cost of your new car. The higher the road tax, the more you need to plan for the total price of your car. But what if you could make this cost more affordable?

This is where Bajaj Finserv New Car Loans come into play. Our new car loans that can cover up to %$$NCF-max-LTV-percent of your new car's on-road price, including road tax. With easy eligibility requirements and flexible repayment options, our new car loans make financing easier. Here’s the best part – you might already be pre-approved for our new car loan. Check your offer and get closer to driving home your dream car.

Read on to understand how Odisha road tax affects your car price and how our new car loans can help you cover these expenses.

Odisha road tax

Odisha road tax is a mandatory fee that car owners must pay to use public roads in the state. It is calculated based on several factors such as the car’s price, engine capacity, and other factors like its age and type. Road tax is collected by the Odisha government to help maintain and improve the state’s road infrastructure.

But have you considered how this tax will affect the total cost of your new car? When purchasing a new car in Odisha, it is essential to factor in this tax along with the car's price. This is why understanding how road tax works in Odisha can help you plan your budget better.

Odisha road tax calculation

So, how is the road tax in Odisha calculated? In Odisha, road tax is determined by several factors, including the weight, age, and purpose of the vehicle. Heavier vehicles generally attract higher tax rates, while older vehicles may face different tax rates due to emissions and environmental concerns. The purpose of use—whether personal or commercial—also affects the tax, with commercial vehicles typically paying more.

Additionally, the vehicle’s seating capacity, engine size, and dimensions (length and width) play a role in the calculation. Larger vehicles like SUVs and trucks tend to incur higher road taxes. The fuel type is another key factor, with non-polluting vehicles often being eligible for lower tax rates.

For instance, if you buy a new car with an engine capacity of 1,000 cc and the car costs Rs. 8 lakh, the road tax might be around 8-10% of the car's price. This means you could end up paying between Rs. 64,000 and Rs. 80,000 as road tax alone.

Does this seem like a hefty amount? When buying a car, this added tax can sometimes catch you off guard. But what if you could finance the entire cost of your car, including the road tax, with a simple car loan? Curious to know how much amount you can get with a Bajaj Finserv New Car Loan to cover these additional expenses? With just a few clicks, you can find out the loan amount you qualify for. . Check your new car loan eligibility in Bihar and take the first step toward your new car today!

Road tax in Odisha for new cars

When buying a new car, Odisha road tax can be a significant part of the total cost. New cars are subject to road tax, which is calculated based on various factors such as engine capacity, car type, and its price. For instance, small cars might have a lower tax rate, while larger vehicles like SUVs will attract higher taxes. Have you considered these additional costs when planning for your new car?

If you're eyeing a new car in Odisha, make sure to check the road tax amount before finalizing the purchase. Don’t let this cost surprise you after the deal is done. Instead, plan ahead and consider financing options that can help cover all these expenses.

Here’s a breakdown of the road tax for new private four-wheelers in Odisha:

Cost of vehicle	Rate of tax
Less than Rs.5 lakh	6% of the cost
Rs.5 lakh to Rs.10 lakh	8% of cost
Rs.10 lakh to Rs.20 lakh	10% of the cost
Rs.20 lakh to Rs.40 lakh	12% of the cost
More than Rs.40 lakh	20% of its cost

How to pay Odisha road tax online?

Paying Odisha road tax has never been easier. The Odisha Transport Department allows online payments, so you can settle the tax without having to visit an office. Here’s how to do it:

Visit the official e-Vahan website at https://parivahan.gov.in/ and enter your vehicle details.

Navigate to the 'Online Services' section and select ‘Pay Vehicle Tax’.

Enter your vehicle registration number and other required details.

The portal will display your vehicle’s information and any outstanding tax dues.

Proceed with payment using a debit card, credit card, or net banking option.

After successful payment, you will receive an electronic receipt for your records.

This simple online process saves you time and makes paying road tax more efficient.

Road tax in Odisha plays a key role in determining the final cost of your new car. While it can be an additional expense, with the right financial planning, it doesn’t have to be a burden. Bajaj Finserv New Car Loans can make the process easier by covering up to %$$NCF-max-LTV-percent of your car's on-road price, including road tax. Check your pre-approved offer now and choose the car that fits your budget and needs.

Ready to take the next step? Explore the road tax and other factors that influence the price of your new vehicle. If you need financial assistance, check out Bajaj Finserv’s new car loan options today!