Do you plan of buying a new car? Did you know that you would be shelling out extra tax for road accident victims? Read ahead to know all about this new proposal of tax.
Transport Minister of Maharashtra, Mr. Diwakar Raote has proposed to introduce a new tax on newly registered vehicles. This would be introduced in the view of providing financial help to victims of road accidents who are left behind disabled. Further Raote has reportedly fixed the transport department officials to have a check on the possibility of imposing such a tax.
Though the tax percentage is yet to be finalized by the transport department, new car buyers may have to feel the brunt by the introduction of this newly proposed tax in the state of Maharashtra.
This proposal intends to offer financial support of Rs. 8,000 per month in urban areas and Rs. 5,000 per month in rural areas for road accident victims depending upon their disabilities.
At present, any motorist shells out an amount of Rs. 500 and Rs. 2,000 towards the Road Safety Fund. This fund was introduced in November2016. Moreover, any person planning to buy a new car would pay a Motor Vehicle Tax varying from 9 to 20%, sales tax of 12.5% and an Octroi of 4%.
As per Mumbai Mirror, Maharashtra ranked the second state after Tamil Nadu for victims who die grievously day in and day out due to road accidents. To be specific, in 2016, a death record of 12,800 victims out of the total 63,000 accidents in Maharashtra was recorded. A total of 39,800 victims were recorded as injured.
