The Excise and Taxation Department of Punjab has recently announced a 10% discount on token tax payments to facilitate vehicle owners. This concession is specifically targeted towards those who settle their outstanding dues by August 30, 2025.
Officials clarified that the discount will be applicable only to the current fiscal year’s token tax. They further emphasized that once this discounted period expires, vehicle owners will be required to pay their token taxes in full without any reductions.
Despite this positive step for taxpayers, the department simultaneously revised the transfer fees for vehicles and motorcycles, leading to an increase in associated costs for vehicle owners across Punjab.
Based on reports, the transfer fee for motorcycles has been raised by Rs. 55, changing from Rs. 550 to Rs. 605. Similarly, vehicles with engine capacities ranging from 650cc to 1000cc now have an increased transfer fee of Rs. 275, making the new total Rs. 3,025.
For vehicles with engine capacities between 1000cc and 1800cc, the revised fee is Rs. 6,050, reflecting a rise of Rs. 550. Owners of vehicles exceeding 1800cc engine capacity will now face a substantial increase of Rs. 1,100, bringing the total transfer fee to Rs. 12,100. Heavy Transport Vehicles (HTVs) also see a rise of Rs. 550, setting the revised transfer fee at Rs. 6,050.
Process of Paying Car Token Tax in Punjab
You can pay the token tax from your home using the e-pay app, which is available on both iOS and Android devices.
- After opening the app, several departments are listed, in which you will choose Excise and Taxation.
- Clicking on this, you will choose the option of car token tax.
- Then you will proceed to enter your vehicle’s registration number, which will generate all of its credentials, including the last paid token tax.
- The total token tax due will appear on your screen, for which you can generate a challan.
- After this, you will get a unique PSID number to easily pay your car token tax through an online transfer or an ATM.
