Tax Calculation Formula:
The BH-Series Motor Vehicle Tax is calculated based on a specific formula set by the Government of India. Here's the breakdown:
(Invoice Price × Applicable Tax Rate × 1.25 × 2) ÷ 15
- Invoice Price: Total cost of the vehicle as per the official invoice.
- Applicable Tax Rate:Determined based on the price slab and adjusted for fuel type (Petrol, Diesel, or Electric).
- 1.25 Factor: Represents 25% extra charge applied on the base motor vehicle tax.
- × 2: As BH tax is paid for an initial block of 2 years.
- ÷ 15: Divides the overall tax for 15 years into manageable blocks (aligned with government norms).
- Rounding: Final amount is rounded up to the next whole number.
Example: For a Petrol car with invoice price ₹9,50,000 and 8% tax rate:
(9,50,000 × 8% × 1.25 × 2) ÷ 15 = Estimated 2-Year MV Tax.
Disclaimer:This calculator is for estimation purposes only. Actual road tax may vary depending on state-specific rules, additional charges, or updated government policies.