Punjab enhances token tax on motorbikes
The Punjab budget for FY 2021-22 brought some bad news for motorcycle buyers as the Excise and Taxation Department has approved a proposal to increase token tax on motorcycles, reported 24NewsHD TV channel on Tuesday.
As per details, the excise and taxation authorities have revised the token fees. From now onwards Rs1,000 token fee will be collected on buying 70cc motorcycles, Rs1,500 will be collected on 100cc motorcycles while up to Rs2,000 will be collected on 125cc bikes.
Reporter Ali Sahi