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The federal government has slashed the withholding tax on registration fee for automobiles in three different categories.
Related: 13.28 Million Vehicles Registered In China This Year
The registration fee for an 800 cc automobile has been dropped from Rs 10,000 to Rs 7,500. For a 1000 cc vehicle, the fee has been cut to Rs 15,000 from Rs 20,000 whereas for the vehicles having a capacity of 1300 cc, the cost is cut to Rs 25,000 from earlier Rs 30,000.
However the above will facilitate tax-filers only, as registration fee for non-filers will remain unchanged.
