Tax Book 2023

Deduction / Payment of Tax Chapter- 23

ion in

bank

231B(1) a) On registration of motor vehicles Nil Adjustable

Motor vehicle registration

authority

At the time of

registration of

new motor

vehicle

Advanc

e Tax

on

Private

motor

vehicles

ATL Non ATL

Rs. Rs.

Upto 850cc 10 ,000 20,000^

851cc -1000cc

20,000 4 0 ,000

1001cc - 1300cc 25 ,000 50,000^

1301cc - 1600cc 50,000^1 00,000^

1601cc - 1800cc 150 ,000^30 0,000^

1801cc - 2000cc 2 00,000^4 00,000^

2001cc - 2500cc 300 ,000 600,000^

2501cc - 3000cc 400,000 800,000^

above 3000cc

Provided that in cases where engine capacity is not

applicable and the value of vehicle is Rupees five million

or more, the rate of tax collectible shall be 3% of the import

value as increased by customs duty, sales tax and federal

excise duty in case of imported vehicles or invoice value in

case of locally manufactured or assembled vehicles.

500,000 10 0 0,000

231B(1A

)

Leasing of motor vehicle to a non ATL

4 % of the value

of motor vehicle

Nil Adjustable

Every leasing company or

a scheduled bank or a

nonbanking financial

institution or an

investment bank or a

modaraba or a

development finance

institution, whether

shariah compliant or

under conventional mode

At the time of

lease