Punjab Token Tax

Punjab Token Tax

Punjab Token Tax: A Comprehensive Guide

Vehicle Tax in Punjab, Pakistan Opens in a new window excise.punjab.gov.pk

Introduction

Punjab Token Tax is a tax levied on all registered vehicles in the Punjab Province of Pakistan. It is an annual tax that is paid to the Excise & Taxation Department of the Government of Punjab. The tax amount is calculated based on the engine capacity of the vehicle.

What is Punjab Token Tax?

Punjab Token Tax is a compulsory tax that is imposed on all registered vehicles in the Punjab Province of Pakistan. The tax is payable annually and is used to fund various infrastructure projects, such as road maintenance and construction.

How Much is Punjab Token Tax?

The amount of Punjab Token Tax payable depends on the engine capacity of the vehicle. The tax rates are as follows:

For motorcycles with engine capacity up to 150cc, the tax is Rs. 500

For motorcycles with engine capacity over 150cc, the tax is Rs. 1,000

For cars with engine capacity up to 1000cc, the tax is Rs. 1,500

For cars with engine capacity over 1000cc, the tax is Rs. 2,000

For SUVs with engine capacity up to 1500cc, the tax is Rs. 3,000

For SUVs with engine capacity over 1500cc, the tax is Rs. 4,000

How to Pay Punjab Token Tax

Punjab Token Tax can be paid online through the ePay Punjab portal or at designated branches of Punjab National Bank or Punjab & Sind Bank. To pay the tax online, you will need the following information:

Vehicle registration number

Engine capacity of the vehicle

Taxpayer’s name and address

Contact information

How to Renew Punjab Token Tax

Punjab Token Tax must be renewed annually. To renew the tax, you will need to provide the following documents:

A copy of the vehicle’s registration book

A copy of the previous year’s tax challan

A copy of the vehicle’s insurance policy

A copy of the vehicle’s fitness certificate

Penalties for Late Payment of Punjab Token Tax

If Punjab Token Tax is not paid by the due date, a penalty of Rs. 100 per month is levied. The maximum penalty that can be levied for late payment of Punjab Token Tax is Rs. 1,200 per year.

Conclusion

Punjab Token Tax is an important source of revenue for the Government of Punjab. It is used to fund various infrastructure projects, such as road maintenance and construction. It is also important for vehicle owners to pay their Punjab Token Tax on time to avoid penalties.

For more information on Punjab Token Tax, please visit the Excise & Taxation Department website:https://excise.punjab.gov.pk/motortax

For Punjab Tax services Contact Us : https://sterling.pk/

I hope this blog post has been helpful. If you have any questions, please leave a comment below.