Transfer Cost & Income Tax

zayednawaz (Zaid) 2019-09-22 14:47:20 +0500 #1

I am buying 2006 Honda City i-DSIm1300cc in Lahore. Can anyone please tell me what is the cost for transferring and taxes which I need to pay other than the price?

pwuser155091178738 (Omar Asim) 2019-09-23 17:47:59 +0500 #2

Taxes would cost you around 7000/- and transfer cost will be around 1500 more.

Keep a budget of 10,000/- for all the cost.

zayednawaz (Zaid) 2019-09-24 20:54:39 +0500 #3

Thanks, Bro, what if I buy a new 800cc car, for example, Prince Pearl? How much extra cost do I had to bear other than the price?

pwuser155091178738 (Omar Asim) 2019-09-24 21:36:07 +0500 #4

Salam Zaid,

If you would go for Prince Pearl it would cost your around 900,000/- ( keep in mind this is just an idea, this may differ as USD blows off on daily basis ).

This is just an idea nearer to what you would be additionally paying and can differ.

Other Cost that you may have to keep is:-
1. Token Tax :- 8350/-
2. Income Tax :- 8350/-
3. Registation Fee :- 15,400/-
4. Number Plate Charges :- 500/-
5. Professional Tax :- 200/-
6. With Holding Tax :- 20,000/-

I hope you are not a non-filer, if yes then unfortunately you have to pay the double of what I have wrote above.

If you need any more help let me know and i'll make sure to reply you asap.

Best of luck with your new purchase