When planning to buy a new car, what matters most to you? Is it the ex-showroom price, the features, or the road tax? Road tax is a key element of the total cost you pay for a vehicle. This fee is collected by the government and varies from one state to another. Even if car prices remain similar, road tax differences can impact your overall car-buying budget.
In Odisha, road tax can add a considerable amount to the total price of your new car. If the road tax is higher, you must prepare for a larger financial outlay. The good news is that you can handle this expense more easily with proper support.
Bajaj Finserv New Car Loans can finance up to 100% of your new car’s on-road price, including the road tax. With flexible repayment plans and simple eligibility terms, you can manage your car purchase more comfortably. You may already be pre-approved. Check your pre-approved new car loan offer today and move closer to owning your dream car.
Continue reading to find out how road tax in Odisha affects your purchase and how Bajaj Finance can help you finance it.
Odisha road tax
Road tax in Odisha is a mandatory charge that must be paid by all vehicle owners using public roads. This tax is collected by the state government and supports the maintenance and development of road infrastructure. The amount is determined based on the car’s price, engine capacity, age, and vehicle type.
If you are buying a new car in Odisha, it is important to account for this tax when calculating your total expenses. It is separate from the ex-showroom price and can vary significantly depending on the vehicle. Knowing how road tax is calculated will help you budget better and avoid last-minute surprises.
Odisha road tax calculation
Odisha calculates road tax based on several vehicle-related factors. These include the car’s weight, engine power, fuel type, age, and its intended use. Heavier cars often have a higher tax. Older vehicles may be taxed differently because of their environmental impact.
Commercial vehicles typically pay more road tax compared to personal vehicles. The number of seats, engine size, and the overall dimensions of the car also affect the tax amount. SUVs, trucks, and other large vehicles are generally taxed at a higher rate.
Fuel type is another important consideration. Vehicles running on clean energy or producing lower emissions may benefit from reduced tax rates. These measures encourage the use of environmentally friendly vehicles in the state.For instance, if you buy a new car with an engine capacity of 1,000 cc and the car costs Rs. 8 lakh, the road tax might be around 8-10% of the car's price. This means you could end up paying between Rs. 64,000 and Rs. 80,000 as road tax alone.
Does the road tax amount feel overwhelming? When buying a car, this additional cost can increase your total expense more than expected. But there is a way to manage it easily. You can finance the full on-road price of your car, including road tax, with a Bajaj Finserv New Car Loan. Want to know how much loan amount you qualify for? Check your new car loan eligibility in Odisha now and take the first step towards owning your new vehicle.
Road tax in Odisha for new cars
When buying a new car, Odisha road tax can be a significant part of the total cost. New cars are subject to road tax, which is calculated based on various factors such as engine capacity, car type, and its price. For instance, small cars might have a lower tax rate, while larger vehicles like SUVs will attract higher taxes. Have you considered these additional costs when planning for your new car?
If you're eyeing a new car in Odisha, make sure to check the road tax amount before finalizing the purchase. Don’t let this cost surprise you after the deal is done. Instead, plan ahead and consider financing options that can help cover all these expenses.
Here’s a breakdown of the road tax for new private four-wheelers in Odisha:
| Cost of vehicle | Rate of tax |
| Less than Rs.5 lakh | 6% of the cost |
| Rs.5 lakh to Rs.10 lakh | 8% of cost |
| Rs.10 lakh to Rs.20 lakh | 10% of the cost |
| Rs.20 lakh to Rs.40 lakh | 12% of the cost |
| More than Rs.40 lakh | 20% of its cost |
How to pay Odisha road tax online?
Paying Odisha road tax has never been easier. The Odisha Transport Department allows online payments, so you can settle the tax without having to visit an office. Here’s how to do it:
Visit the official e-Vahan website at https://parivahan.gov.in/ and enter your vehicle details.
Navigate to the 'Online Services' section and select ‘Pay Vehicle Tax’.
Enter your vehicle registration number and other required details.
The portal will display your vehicle’s information and any outstanding tax dues.
Proceed with payment using a debit card, credit card, or net banking option.
After successful payment, you will receive an electronic receipt for your records.
This simple online process saves you time and makes paying road tax more efficient.
Road tax in Odisha plays a major role in determining your car’s final price. It is a cost that must be considered while planning your purchase. Although it may increase your expenses, you can manage it effectively with the right financial support.
Bajaj Finserv New Car Loans allow you to finance up to 100% of your car’s on-road price, including road tax. With simple eligibility conditions, flexible tenures, and competitive car loan interest rates, buying a new car becomes easier.
Check your pre-approved new car loan offer now and choose a vehicle that suits your needs and budget. If you need help with funding, explore the loan options from Bajaj Finance today.
