According to Toyota’s latest standardized price list, which comes into effect from March 11, 2019, the following will be the price of its vehicles:
Interestingly, the above mentioned only list the price for filers, when in fact the non-filers may also purchase all locally made models of Toyota irrespective of their engine capacity. However, there is a caveat; they will have to pay higher advance income tax u/s.231B of the Income Tax Ordinance 2001.
Here is the updated sheet of charges applicable on filers and non-filers:
|S.No.||Engine Capacity of Vehicle||Rate of Tax on Filers||Rate of Tax on Non-Filers|
|2||851cc to 1000cc||Rs.15,000||Rs.37,500/-|
|3||1001cc to 1300cc||Rs.25,000||Rs.60,000/-|
|4||1301cc to 1600cc||Rs.50,000||Rs.150,000/-|
|5||1601cc to 1800cc||Rs.75,000||Rs.225,000/-|
|6||1801cc to 2000cc||Rs.100,000||Rs.300,000/-|
|7||2001cc to 2500cc||Rs.150,000||Rs.450,000/-|
|8||2501cc to 3000cc||Rs.200,000||Rs.600,000/-|
|9||3001cc to onwards||Rs. 250,000||Rs.675,000/-|
The government has also levied a 10% FED on locally built cars of 1700cc engine displacement and above. The increase in the price of Toyota Grande and its variants is most likely because of it.
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