LAHORE – Amid surge in taxes in budget 2024, Punjab government introduced 10 percent discount on car token tax payments.
As car buyers are bearing brunt of aggressive taxation, Punjab Excise introduced discount if people use the Punjab E-Pay app to make their payments.
Car Token Tax 2024
| Engine Capacity | Token Tax |
|---|---|
| 660-1000cc | Rs. 20,000 for a lifetime token tax |
| 1000cc to 2000cc | 0.2% of the invoice value annually |
| Over 2000cc | 0.3% of the invoice value annually |
As of now, Punjab E-Pay app is not working properly due to technical difficulties that are preventing online payments. PITB is working on resolving these issues, and the app should be operational again soon.
Punjab raises Annual Vehicle Token Tax Based on Invoice Value; Check new rates
