People who scrap end-of-life (old) vehicles in Karnataka are set to get a tax concession ranging from Rs 1,000 to Rs 40,000 when buying new electric vehicles, Law and Parliamentary Affairs Minister H K Patil said while announcing a cabinet decision.
Patil said the concession for two-wheelers would range from Rs 1,000 to Rs 5,000. For example, vehicles priced up to Rs 1 lakh will get a concession of Rs 1,000, vehicles priced up to Rs 2 lakh will get a Rs 2,000 concession, and vehicles costing Rs 4-5 lakh will get a concession of Rs 5,000.
Similar benefits would apply to those ditching old four-wheelers for new electric four-wheelers. The concession for electric four-wheelers priced below Rs 5 lakh is Rs 10,000. For those costing Rs 5-10 lakh it is Rs 20,000, for those priced Rs 10-15 lakh it is Rs 30,000, for those costing Rs 15-20 lakh it is Rs 40,000 and for vehicles costing above Rs 20 lakh the concession is Rs 50,000.
The cabinet also cleared an ordinance that permits the government to collect a cess for the welfare of workers of motor transport and allied sectors. The Karnataka Motor Transport and Other Allied Workers Social Security and Welfare Cess Ordinance 2024 will allow the government to form a welfare board for such workers. The cabinet also decided that a Unified University and College Management System would be set up at a cost of Rs 15.13 crore. It will have a 30-member call centre and handle data of over 14.5 lakh students from 30 universities and 4,300 colleges
Covered By: Mobility India / EV
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