According to a notification issued by the state Transport Department, any commercial vehicle owner paying tax for three years in advance will get a rebate of 15% on the total amount payable by him or her during that period.
The rebate rate will be extended to 30% in case the advance tax is paid for five years and to 40% in case of 10 years.
"The rebate offer will encourage many commercial vehicle owners to pay the advance tax, which will add to the kitty of the state exchequer," said a senior Transport Department official.
According to him, a proposal to offer a rebate on advance payment was passed on the floor of the state Assembly earlier this year. However, due to a model of conduct in the wake of the recently concluded Lok Sabha elections, the department was unable to issue any notification on this count.
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