[See section 4 (1-A)(bb)]

Part – I New Motor Cycle. At the time of registration. Total cost of the vehicle.— Rate of life tax. (per cent. of the cost of the vehicle) (i) Not-exceeding rupees one lakh 10 per cent. (ii) Exceeding rupees one lakh 12 per cent. Part – II Old Motor Cycle. At the time of assigning new registration mark under section 47 of the Motor Vehicles Act or old motor cycles plying and registered in this State, and if it’s age from the month of such registration is,— Rate of life tax. (per cent. of the cost of the vehicle) Cost of the vehicle. Not exceeding one lakh. Exceeding one lakh. 1. Not more than one year. 8.25 per cent. 10.25 per cent. 2. More than one year but not more than two years. 8.00 per cent. 10.00 per cent. 3. More than two years but not more than three years. 7.75 per cent. 9.75 per cent. 4. More than three years but not more than four years. 7.50 per cent. 9.50 per cent. 5. More than four years but not more than five years. 7.25 per cent. 9.25 per cent. 6. More than five years but not more than six years. 7.00 per cent. 9.00 per cent. 7. More than six years but not more than seven years. 6.75 per cent. 8.75 per cent. 8. More than seven years but not more than eight years. 6.50 per cent. 8.50 per cent. 9. More than eight years but not more than nine years. 6.25 per cent. 8.25 per cent. 10. More than nine years but not more than ten years. 6.00 per cent. 8.00 per cent. 11. More than ten years but not more than eleven years. 5.75 per cent. 7.75 per cent. 12. More than eleven years. 5.50 per cent. 7.50 per cent.