Telangana Tax

Vehicle Buyers Face Steeper Costs as Telangana Hikes Life Tax

In a move that has drawn criticism from automobile industry experts and transport unions alike, the Telangana government has increased the life tax on various categories of vehicles, effective from August 14. The revised rates, ranging from 9% to 25%, are expected to significantly burden new vehicle buyers, especially impacting those planning purchases during the upcoming festive season. This decision comes amidst an ongoing slowdown in vehicle sales, raising concerns about its long-term implications for the state’s automobile market. [9]