#greentax #pollution #environment #indianeconomy #pollutedcities
• A green tax is a tax that encourages people not to harm the environment, or helps pay for things that are good for the environment.
• Owners of old vehicles will have to pay the government a ‘green’ tax as a penalty for polluting the environment, which will be much steeper if you reside in one of the more polluted cities in India.
• Personal vehicles will be charged a tax at the time of renewal of Registration Certification after 15 years.
• The levy may differ depending on fuel (petrol/diesel) and type of vehicle.
• The proposal will now go to the States for consultation before it is formally notified.
• It includes 10-25% of road tax on transport vehicles older than eight years at the time of renewal of fitness certificate.
• The proposal on green tax also includes steeper penalty of up to 50% of road tax for older vehicles registered in some of the highly polluted cities in the country.
• The Minister also approved a watered-down policy of deregistration and scrapping of vehicles, bringing only those vehicles owned by government departments and PSUs and are older than 15 years under its ambit.
• The Union Minister for Road Transport and Highways Nitin Gadkari has approved a proposal to levy a ‘green tax’ on old vehicles. The policy will come into effect from April 1, 2022.

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