Punjab introduces green tax on vehicles over 15 years old
The implementation of this tax is part of Punjab’s broader strategy to encourage the phasing out of older, more polluting vehicles
PTC Web Desk: The Punjab Cabinet has approved the imposition of a green tax on vehicles older than 15 years as part of the state's new vehicle scrap policy. This decision, made during a recent Cabinet meeting, aims to curb pollution and promote the use of environmentally friendly vehicles across the state.
Key points of the new green tax
Tax Slabs
Rs 4,000 for four-wheeled petrol and diesel vehicles with engines up to 1500 cc
Rs 6,000 for diesel vehicles with engines exceeding 1500 cc
Rs 500 for two-wheelers
Rs 300 for three-wheelers
Rs 500 for maxi cabs
The implementation of this tax is part of Punjab’s broader strategy to encourage the phasing out of older, more polluting vehicles. This move aligns with national environmental objectives and reflects the state's commitment to reducing vehicular emissions. The revenue generated from this tax is expected to be used for environmental initiatives and infrastructure development.