Every vehicle owner needs to know at what time to pay their vehicle’s tax. Some people end up paying a fine every year because they do not know when they will have to pay the vehicle tax or renew their bluebook.
The vehicle registration date is written on the first page of the blue book of all the vehicles. The renewal date is fixed every year according to the same date. The month mentioned in the registration date has to be renewed in the same month of each year.
The last page in the bluebook contains the vehicle-renewal date, which includes the date of inspection and the expiration date. People do not have to pay penalties when they pay tax within 90 days of the due date. But that date will not be valid from Chaitra to mid-Ashar of the fiscal year.
For example, if a vehicle expires in Bhadra, the vehicle tax can be paid by Mangsir. But if there is an expiration date in Chaitra, in this case, 90 days expansion is not available. If a person has an expiration date in Baishakh, Jestha, and Asar, an additional period of 90 days won’t be provided instead the owner should renew the vehicle before the expiration date.
Vehicles that expire in Baishakh, Jestha, and Asar have to pay tax in Chaitra. Otherwise, a fine will be levied as per the rules.
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Fines and Penalties for Late Bluebook Renewal?
If the vehicle which has more time to pay tax for 90 days does not pay the tax within 30 days after deducting 90 days, an additional penalty of 10 percent of vehicle tax will be levied. After 30 days, a 15 percent fine will be levied for 45 days and after 45 days, a 20 percent fine will be levied. Finally, if that financial year is over, a 32 percent penalty will be levied.
If the vehicle tax that expires in Baishakh, Jestha, and Asar is not paid by Chaitra, an additional penalty of 10 percent of the vehicle tax will be levied. After 30 days, a 15 percent penalty will be levied for 45 days and after 45 days, a 20 percent fine will be levied. If that financial year is cut, a 32 percent penalty will be levied.
Therefore, it is very important to thoroughly inspect your vehicle’s bluebook if you need to know the right time for tax renewal.
