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Life Time Token Tax Procedure in Pakistan Punjab Sindh KPK Balochistan Eligible Vehicle Fee

The Owners of the cars are mandatory to pay the token to the excise and taxation department. We are providing here the complete details about Life Time Token Tax Procedure in Pakistan Punjab Sindh KPK Balochistan Eligible Vehicle Fee. Department of Excise and Taxation Punjab have started conversation with relevant departments to vanish the annual token tax system for 1001 to 1300 CC vehicles.

Excise & Taxation Department is planning to start the Life Time Token Tax. On the other hand, Federal Government has denied vanishing the With Holding Tax for New Registration and for Transfer despite all provinces has suggested to with draw the Withholding tax.

Life Time Token Tax Procedure in Pakistan Punjab Sindh KPK Balochistan Eligible Vehicle Fee

Life Time Token Tax Procedure in Pakistan Punjab Sindh KPK Balochistan Eligible Vehicle Fee

Procedure Life Time Token Tax

  1. Visit the post office and get a certificate about how many money was paid here in term of Token Tax of your vehicle. This all amount will have to minus from 10,000 rupees and you will have to pay the rest.
  2. Officer in Excise office will help you to calculate you’re all other taxes and filling your form mentioned the remaining amount you have to pay.
  3. Pay your Life Time Token Tax and Get stamped your registration book. you are free and have token paid for life time.

RATES OF TOKEN TAX, INCOME TAX, PROF. TAX
MOTOR CAR

Engine Capacity Token Tax MVT
Local Vehicles
Income Tax (2014-15) Income Tax (2015-16) Professional Tax
For Filer For Non-Filer For Filer For Non-Filer
Up to 1000 CC 10,000 * 10,000 10,000 10,000 10,000 200
1001 to 1199 CC 1800 1800 3600 1,500 4,000 200
1200 to 1299 CC 1800 2000 4000 1,750 5,000 200
1300 CC 1800 3000 6000 2,500 7,500 200
1301 to 1499 CC 6000 3000 6000 2,500 7,500 200
1500 CC 6000 4500 9000 3,750 12,000 200
1501 to 1599 CC 9000 4500 9000 3,750 12,000 200
1600 to 1999 CC 9000 6000 12000 4,500 15,000 200
2000 CC 9000 12000 24000 10,000 30,000 200
2001-2500 CC 12000 12000 24000 10,000 30,000 200
Above 2500 CC 15000 12000 24000 10,000 30,000 200

For Imported Vehicle

Engine Capacity           Token Tax MVT

1590-1990                         20,000

1991-2990                         25,000

Above 2990                       35,000

PENALTY ON TOKEN TAX

  • No penalty shall be charged if Token Tax is paid upto 30th.September.
  • Penalty @ 20% per month shall be charged after 30th September but not exceeding 100%.
  • In case of Rickshaw/Taxi, the late payment of Token Tax shall be collected by the Motor Registering Authority and issued Penalty Slip in this respect.
  • In case of commercial / tied-up vehicles, the tax will be paid in advance within the first month of each quarter of the financial year, i.e. before 31st July for 1st, before 31st October for 2nd, before 31st January for 3rd and before 30th April for 4th quarter.

Motor Vehicles Tax is an important levy of Excise & Taxation Department. It brings considerable revenue and is another major source of income to the exchequer. It is administered under the provisions of the Motor Vehicle Ordinance, 1965 and Motor Vehicle Tax Act, 1958. Keep visiting this page to check complete procedure for Lifetime Token Tax here on this page.

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