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Increased Motor Vehicle Taxes Boost RevenueThe transport department in Chennai has seen a significant boost in earnings following the implementation of increased motor vehicle taxes and other charges effective from November 9 last year. From January 1 to June 30 this year, the department's earnings rose by Rs 1,591 crore compared to the same period the previous year, according to official data. Earnings Jump from Rs 3,653.65 Crore to Rs 5,244 CroreData from the Vahan database reveals that the
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FAQ :
The transport department's earnings increased by £1,591 crore from January 1 to June 30 this year, compared to the same period last year.
The earnings have increased due to the implementation of higher motor vehicle taxes and other charges, which came into effect from November 9 last year.
Total earnings rose from £3,653.65 crore in the first half of last year to £5,244 crore in the first half of this year.
Yes, vehicle registrations increased to 10.16 lakh this year, up from 9.14 lakh during the same period last year.
Motorcycles valued at £1 lakh and above now have a 12% road tax, while those below £1 lakh are taxed at 10%. Cars between £20 lakh and £40 lakh face a 20% road tax, and cars below £10 lakh are taxed at 13%. Quarterly and annual taxes for commercial vehicles have also been raised.
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