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Revision as of 14:20, 21 September 2024

The HVUT, or Heavy Vehicle Use Tax, is make certain tax paid by truck drivers or owners of trucking companies. It ties in with drivers operating automobiles on our nation's highway, and a number of the money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new tasks.

What could be the rate? At the rate or rates enacted by Central Act for any Assessment Tax year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

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