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Home > Tax Tools & Calculators > New Automobile Cost Calculator

New Automobile Cost Calculator

Automobile Cost Calculator helps buyers estimate the cost of buying and owning a new car in your state and across India; calculate GST, Cess, TCS, and Road Tax.


New Automobile Cost Calculator from EZTax
   New Automobile Cost Calculator
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{{numToStr(regCharge)}}
{{numToStr(insurance)}}

Total Cost of Automobile (H) :
{{carCost.toLocaleString("en-IN")}}
Dealer Price (A) :
{{price .toLocaleString("en-IN")}}
GST Amount (B) :
{{gstAmount .toLocaleString("en-IN")}}
GST Cess Amount (C) :
{{cessAmount.toLocaleString("en-IN")}}
TCS Amount (D) :
{{tcsAmount.toLocaleString("en-IN")}}
Road Tax (E) :
{{roadTax.toLocaleString("en-IN")}}
Registration Charges (F) :
{{regCharge.toLocaleString("en-IN")}}
Insurance Cost (G) :
{{insurance.toLocaleString("en-IN")}}

Analysis on Purchase of Automobile

  1. As you have selected {{carType}} car, GST is levied @ 5%
  2. As you have selected {{carType}} car, GST is levied @ 28%
  3. You are required to pay a GST of Rs {{gstCessAmount.toLocaleString("en-IN")}} including GST cess
  4. The automobile dealer will collect TCS of Rs {{tcsAmount.toLocaleString("en-IN")}} @ 1% on ex-showroom price (dealer price + GST)
  5. As you have purchased automobile in {{getStateLabel()}}, Road tax (Life Tax) is levied @ {{taxRate}} as your vehicle value is {{taxRange}}
  6. If purchase electric car in {{getStateLabel()}}, the cost will be Rs {{electricCost.toLocaleString("en-IN")}}. You can have a major cost saving of Rs {{savings.toLocaleString("en-IN")}}

Next Steps:

  1. Check other calculators from EZTax at Personal Finance & Money Calculators
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  3.  e-File your income tax   now.
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Refer Frequently asked Questions (FAQs) on New Automobile Cost Calculator below.

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Frequently asked Questions

1. What is the EZTax Automobile (4 wheelers) cost calculator?

The EZTax Automobile (4 wheelers) cost calculator is an online application that calculates GST, TCS, and road tax when purchasing a four-wheeler (auto). The EZTax Automobile Calculator estimates the GST, TCS, and road tax that you must pay when purchasing a vehicle. It gives you the overall estimate of the costs that will be incurred while acquiring a vehicle.

2. What is Road Tax?

The road tax is a state-level tax charged on car ownership and use. Anyone registering a vehicle (4/3/2 wheelers) must pay road tax at the time of registration with the Regional Transport Office. Road Tax, commonly known as life tax, is valid for 15 years in most states.

3. Why do I need to pay TCS?

The government levies TCS on car purchases, and it is mandatory. As proof of TCS collection, you must obtain Form 27D from the automotive seller.TCS is estimated at 1% of the ex-showroom pricing and GST.However, you can claim it as a credit or refund when you file your income tax return.

4. Does petrol cars have any exemption?

Yes, the Government of India has granted various exemptions to petrol vehicle owners. Persons who want to acquire fuel cars must pay GST at 5%, and most states provide road tax exemptions. As a result, individuals who want to purchase an electric vehicle can notice a large savings.

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Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.