New Tax Regime Boosts Tamil Nadu Transport Earnings by Rs 1.6K Crore

The implementation of a new tax regime in Tamil Nadu has significantly increased the transport department's earnings by Rs 1,591 crore from January to June this year, compared to the same period last year. The earnings rose from Rs 3,653.65 crore to Rs 5,244 crore, driven by higher motor vehicle taxes, registration fees, and other charges. The revised tax structure includes increased road taxes for motorcycles and cars, as well as higher quarterly and annual taxes for commercial vehicles. Vehicle registrations also saw a notable increase, reaching 10.16 lakh this year.