LAHORE – It is mandatory for citizens to pay token tax of all types of vehicles, including Honda City to the excise and Taxation Department of their respective region as non-payment can land you in trouble.
The Honda City is a popular choice as it offer a stunning blend of reliability, comfort, and performance. The latest generation of Honda City features sharp body lines, push button start, keyless entry and others fascinating changes.
It is also featured with automated temperature control, a loaded steering wheel, modern LED headlights, LED taillights, and the newest multimedia system.
Boasting Water Cooled 4 Stroke, SOHCi-VTEC engine, it delivers a potent combination of power and fuel efficiency, ideal for urban commutes and long drives alike.
Honda City Variants
In Pakistan, Honda City is available in five variants:
Honda City 1.2L MT,
Honda City 1.2L CVT
Honda City 1.5LS CVT
Honda City 1.5LAS MT
Honda City 1.5LAS CVT.
Currently, the excise department in Punjab assesses the token tax rate on the basis of engine capacity. It has various slabs with fixed token tax amount. It receives Rs15,000 in wake of life time token tax on vehicles with engine capacity up to 1000cc while the rates vary for vehicles with engine capacity above 1000cc.
Currently, it charges Rs1,800 per month in wake of token tax on Honda City 1.2, which has engine capacity of 1199cc while per month token tax rate stands at Rs6,000 for Honda City 1.5.
In Budget 2024-25, the Punjab government has proposed determining the token tax rate on the basis of the vehicle’s value instead of engine capacity. As the prices of Honda City and other vehicles have increased massively in previous couple of years, the determination of token tax on bases of invoice value with increase the token tax rate.
The new rates will be implemented from July 2024 if the budget proposals in this regard are approved by the provincial asembly.
