Taxation on four wheeler personalized vehicle is levied on the basis of ex-showroom price as One Time Tax (O.T.T.) for a period of fifteen years. The rate of taxes varies from 4 % to 14 % over the cost of the vehicle.
1. Up to Rs. 3 lakhs 4%
2. Above Rs. 3 lakhs to Rs. 5 lakhs : 6%
3. Above Rs. 5 lakhs to Rs.20 lakhs : 10%
4. Above Rs. 20 lakhs 14%
5. Old vehicles required to be registered in Assam on Transfer from other States:
(A). OTT to be fixed at the rate of tax specified in this schedule after allowing a depreciation @7% per annum of the price of the vehicle, if the age of the vehicle is less than 5 years.
(B). @10% per annum depreciation if age of the vehicle is in between 5 to 10 years.
(C). @12% per annum depreciation if age of the vehicle is above 10 years and upto 15 years.
Taxation structure of two wheeler Transport and Non –Transport (personalized) vehicles:
Taxation on two wheeler Transport and Non-Transport (personalized) vehicle are levied on the basis of ex-showroom price as One Time Tax (O.T.T.) for a period of fifteen years. The rate of taxes varies from 6% to 10% over the cost of the vehicle.
1. Up to Rs.70, 000 @ 6%
2. Above Rs.70,000 upto Rs.3 lakhs @ 8%
3. Above Rs.3 lakhs @ 10%
4. Old vehicles required to be registered in Assam on transfer from other State:
(A). OTT to be fixed at the rate of tax specified in the schedule after allowing a depreciation @7% per annum of the price of the vehicle, if the age of the vehicle is less than 5 years.
(B). @10% per annum depreciation if age of the vehicle is in between 5 to 10 years
(C). @12% per annum depreciation if age of the vehicle is above 10 years and upto 15 years
One Time Tax (OTT) on E-Rickshaw, E-Cart and other three wheeler vehicles (Both Goods and Passengers):
1. E-rickshaw and E-cart @ 2%
2. Three wheeler (Passenger) @ 4%
3. Three wheeler (Goods) @ 6%
4. Old vehicles required to be registered in Assam on transfer from other State:
(A). OTT to be fixed at the rate of tax specified in the schedule after allowing a depreciation @7% per annum of the price of the vehicle, if the age of the vehicle is less than 5 years.
(B). @10% per annum depreciation if age of the vehicle is in between 5 to 10 years
(C). @12% per annum depreciation if age of the vehicle is above 10 years and upto 15 years