Budget 2025: maharashtra To Levy 6% Tax On Evs Priced Above Rs 30 Lakh, 1% More Tax On cng Motors
As maharashtra Finance minister Ajit Pawar tabled the nation's finances for 2025-26 on monday, he stated the kingdom government proposed a 6 percent tax on electric-powered motors priced more than Rs 30 lakh.
Pawar, who's additionally the kingdom's deputy chief minister, additionally introduced a 1 percent hike in the motor vehicle tax on cng and LPG vehicles.
The authorities have additionally proposed a 7 percent tax on motors used for construction activities as a way to generate extra revenue of about Rs 180 crore.
The country government has proposed a 6 percent tax on electric cars above Rs 30 lakh and a 1 percent tax hike on man or woman-owned non-delivery four-wheeler cng and LPG motors.
The pass will generate an additional sale of approximately Rs. 150 crore in 2025-26.
Pawar additionally announced a 7 percent tax on light goods cars (LGVs) weighing up to 7,500 kg, with a view to earning the state Rs 625 crore.
The authorities have also expanded the maximum limit of the motor car tax from Rs 20 lakh to Rs 30 lakh, which is anticipated to generate a revenue of Rs 170 crore.
Maharashtra Finance minister Ajit Pawar, who is also the deputy chief minister of the kingdom, on monday provided his eleventh and the newly fashioned Mahayuti authorities's first state budget in the assembly. Supplying the kingdom budget for 2025-26, Pawar introduced multiple infra tasks and said Maharashtra's new business coverage will focus on Rs forty lakh crore investment and the generation of 50 lakh jobs.
"I am imparting the finances for the monetary yr 2025-26. maharashtra can be primary in fulfilling the top minister's dream of a developed india with the aid of 2047," Pawar said within the nation meeting. He said maharashtra is primary in overseas direct investment. In Davos, maharashtra signed MoUs with fifty-six organizations worth Rs 15.72 lakh crore, which will hire sixteen lakh humans.
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