Hi Guyz,
I want to know whether the option (either the annual road tax or life time road tax) is available in tamilnadu while registering a new car?? (like in some UTs). What is the system followed in other states? where can we find information regarding this?
In the website of TN RTO http://www.tn.gov.in/sta/taxtables.html, both options are available (clause 5C and 5D). The price difference between both options is quite large. (i.e Rs.800 per year in annual tax and 8% of car cost in life time tax for 16 yrs). But I heard from most of the people that only life time tax method is followed.
Please advise me in this regard whether the option of annual tax is available and can i go for it.
Thnx
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