What is tax paid upto LTT means?
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What is tax paid upto LTT means?
Again the term LTT(life time tax) means that you pay only once. When you move to new city, you have to pay it again and get a refund from the old RTO.
What is full form LTT in vehicle?
Two-Wheelers: Most of the States have switched over to Life Time Tax (LTT) except for a few States/UTs. In some States, tax slabs for LTT for two-wheelers are based on engine capacity; in some it is the unladen weight.
How can I pay my road tax in Karnataka?
How to Make Online Road Tax Payment in Karnataka?
- Visit the Vahan Portal, click here.
- Enter the registration number and proceed further.
- Press the “Pay your tax” tab.
- Enter your mobile number and generate OTP.
- Submit the OTP received on the number click on the “Show Details” tab.
Do we need to pay road tax again in Karnataka?
For vehicle owners whose vehicles are being used in Karnataka for more than one year but have registration number of other states, they have to pay the lifetime tax again. The tax is not applicable for only those outstation vehicles that are operating in Karnataka for less than one year.
What is Ott and LTT?
hey buddy LTT is life time road tax and OTT is one time road tax! They both mean the same? ( coz you pay tax for individual vehicles only once)
What is Ott date on RC?
It is understood that O.T.T. is valid for 15 years and needs to renew again . Also require to inspect the vehicle by R.T.O at the time of Renewal.
What is tax Ott?
When the government started collecting OTT( ONE time tax ) it was considered that no tax will be collected for that vehicle again, in life time of that vehicle and hence it was called as one time tax.
What is the validity of life time tax for car?
The tax is a lifetime tax and needs to be paid only once. It is: Classic cars: Rs. 1,000….Tax on 4 Wheelers.
| Vehicle category | Life Time Tax Applicable |
|---|---|
| Vehicles that are less than 5 years old | 75\% to 93\% as per clause A |