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Budget 2016: FM Arun Jaitley makes buying cars costlier for you - The Economic Times
1% additional tax will be charged on luxury cars above Rs 10 lakh
1% infra cess will be levied on small petrol cars. A 2.5% infra cess will be imposed on diesel cars.
The additional 2.5-3.5% cess will further pull down demand for diesel cars & SUVs.
1% additional tax will be charged on luxury cars above Rs 10 lakh
1% infra cess will be levied on small petrol cars. A 2.5% infra cess will be imposed on diesel cars.
The additional 2.5-3.5% cess will further pull down demand for diesel cars & SUVs.