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State Government of Tamil Nadu offers 100% tax relief for electric vehicles!
Posted on: 03/Nov/2020 12:34:46 PM
The State Government of |Tami Nadu has ordered 100% Tax relief for the electrically-operated motor vehicles.
The State Government of Tamil Nadu has devised clear guidelines for encouraging usage of electrically-operated motor vehicles in order to reduce the pollution created by the running motor vehicles.
Especially, pans were formed to enable investments of over Rs. 50000 Croresas per the policy for electric vehicles released last year by the Chief Minister of Tamil Nadu. As per this policy, various concessions were offered to the companies manufacturing electric motor vehicles. At the same time, it was also estimated that the number of electric vehicles in the State of |Tami Nadu by the year 2030 should be 9.8 Crores!
Subsequently, there was an appeal raised that even the buyers of these electric vehicles must be given some concessions. Giving due consideration to this justifiable appeal, 100% |Tax Concession Order has now been released by the State Government of Tamil |Nadu.
The Additional Chief Secretary of the Department of Home Affairs (Vehicles) of the State Government of Tamil Nadu, S.|K. Prabhakar, on |Monday, 2nd November.
Details
“As per the Tamil |Nadu State Government Order released during Mach 2019, a 1-time tax of Rs. 750 was charged. Further, for the public using this as a private vehicle, a 3% 1-time tax was levied.
To encourage/increase the use of electric-vehicles, a letter was written to the State Government of Tamil Nadu on behalf of the Transport Commissioner appealing for a 100% tax concession for these electric-vehicles.
Considering this appeal, an order has now been released giving 100% tax concession!”
This concession will apply to both the commercial and non-commercial vehicles. This order comes into effect immediately! The Additional Chief Secretary for the Department of Home Affairs has informed that this order will be effective until 31st December 2022.
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