LAHORE – The Punjab government has revised up the token tax rate for all motor vehicles with effect from July 2024.

In previous financial year, the Punjab Excise and Taxation Department received fixed tax per year on the basis of engine capacity and there was fixed token tax on vehicles of up to 1000cc.

The provincial government in the budget 2024-25 has decided to evaluate the token tax on the basis of the invoice price of the vehicles.

The excise department had previously collected Rs15,000 token tax on motor cars in fiscal year 2023-24. For the fiscal year 2025, the token tax has been jacked up by Rs5,000 to Rs20,000.

Complete Token Tax Structure of Punjab Excise

Under the revised structure, the excise department would collect 0.2% of invoice price in wake of token tax on vehicles from 1001cc to 2000cc.

It would collect 0.3% of invoice price as token tax on vehicles with engine capacity of 2001cc to 2500c and above.

Engine Capacity	Token Tax 2024-25	Token Tax 203-24
1000 CC	Rs20000	Rs15,000
1001 to 1199 CC	0.2 % of Invoice price	Rs1,800 per year
1200 to 1299 CC	0.2 % of Invoice price	Rs1,800 per year
1300 CC	0.2 % of Invoice price	Rs1,800 per year
1301 to 1499 CC	0.2 % of Invoice price	Rs6,000 per year
1500 CC	0.2 % of Invoice price	Rs6,000 per year
1501 to 1599 CC	0.2 % of Invoice price	Rs9,000 per year
1600 to 1999 CC	0.2 % of Invoice price	Rs9,000 per year
2000 CC	0.2 % of Invoice price	Rs9,000 per year
2001 to 2500 CC	0.3 % of Invoice price	Rs12,000 per year
2500 above	0.3 % of Invoice price	Rs12,000 per year