What is road tax of Yamaha YZF R1M Bike?
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| S.No | Road Tax | |
|---|---|---|
| 1) | ₹ 1,220 |
A tax levied on an individual or business for the use of an vehicle on roads located within the city, state or municipality is meant by the term Road Tax. It is also called as vehicle excise duty. It is an annual tax on the ownership of road vehicles, frequently referred to as "bike tax" although it applies equally to vans, lorries and motorcycles. The duty is administered by the Driver and Vehicle Licensing Agency (DVLA). Owners of vehicles who have paid the duty are issued with a "tax disc", which must be displayed prominently on the vehicle. Vehicle Excise Duty would increase by inflation only and that VED would again be frozen for road hauliers.