Do you knw about the revised car prices after Budget 2024-25?
With the recent budget proposal presented by Muhammad Aurangzeb in the National Assembly, a significant change has been made regarding the calculation of the withholding tax on cars.
Also read: Salaried class strangled in federal budget: Muzammil Aslam
Previously, the withholding tax was determined based on the engine capacity of the vehicle. However, under the new budget, this tax will now be charged based on the ex-factory price of the car.
Revised car prices after Budget 2024-25
In the first series write-up, we’re covering the prices of all cars under 660-2,000cc:
Note: These are new WHT of all 660-2,000cc cars as proposed in the budget 2024-25:
Revised WHT Tax on 660-850cc Cars
| Up To 850cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
Alto | Suzuki Alto VX | 2,331,000.00 | 10,000 | 0.50% | 11655 | 1,655 |
| Suzuki Alto VXR | 2,707,000.00 | 10,000 | 0.50% | 13535 | 3,535 | |
| Suzuki Alto VXR AGS | 2,894,000.00 | 10,000 | 0.50% | 14470 | 4,470 | |
| Suzuki Alto VXL AGS | 3,045,000.00 | 10,000 | 0.50% | 15225 | 5,225 | |
Bolan | Suzuki Bolan VX Euro II | 1,940,000.00 | 10,000 | 0.50% | 9700 | -300 |
| Suzuki Bolan Cargo Van Euro ll | 1,944,000.00 | 10,000 | 0.50% | 9720 | -280 | |
| Ravi | Suzuki Ravi Euro II | 1,856,000.00 | 10,000 | 0.50% | 9280 | -720 |
Revised WHT Tax on 851-1000cc Cars
| 851-1000cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
Suzuki WagonR | Suzuki Wagon R VXR | 3,214,000 | 20,000 | 1.00% | 32140 | 12,140 |
| Suzuki Wagon R VXL | 3,412,000 | 20,000 | 1.00% | 34120 | 14,120 | |
| Suzuki Wagon R AGS | 3,741,000 | 20,000 | 1.00% | 37410 | 17,410 | |
Suzuki Cultus | Suzuki Cultus VXR | 3,858,000 | 20,000 | 1.00% | 38580 | 18,580 |
| Suzuki Cultus VXL | 4,244,000 | 20,000 | 1.00% | 42440 | 22,440 | |
| Suzuki Cultus Auto Gear Shift | 4,546,000 | 20,000 | 1.00% | 45460 | 25,460 | |
Kia Picanto | KIA Picanto 1.0 MT | 3,600,000 | 20,000 | 1.00% | 36000 | 16,000 |
| KIA Picanto 1.0 AT | 3,850,000 | 20,000 | 1.00% | 38500 | 18,500 | |
Changan Karvaan | Changan Karvaan Base Model 1.0 | 2,779,000 | 20,000 | 1.00% | 27790 | 7,790 |
| Changan Karvaan Plus 1.2 | 2,999,000 | 20,000 | 1.00% | 29990 | 9,990 | |
| Changan M9 | Changan M9 Base Model 1.0 | 2,179,000 | 20,000 | 1.00% | 21790 | 1,790 |
| United Alpha 1.0 Manual | United Alpha 1.0 Manual | 1,849,000 | 20,000 | 1.00% | 18490 | -1,510 |
Revised WHT Tax on 1001-1300cc Cars
| 1001-1300cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
Suzuki Swift | Suzuki Swift GL Manual | 4,336,000 | 25,000 | 1.50% | 65,040.00 | 40,040 |
| Suzuki Swift GL CVT | 4,560,000 | 25,000 | 1.50% | 68,400.00 | 43,400 | |
| Suzuki Swift GLX CVT | 4,719,000 | 25,000 | 1.50% | 70,785.00 | 45,785 | |
Honda City | Honda City 1.2L M/T | 4,649,000 | 25,000 | 1.50% | 69,735.00 | 44,735 |
| Honda City 1.2L CVT | 4,689,000 | 25,000 | 1.50% | 70,335.00 | 45,335 | |
| Prince K07 | Prince K07 S | 2,669,000 | 25,000 | 1.50% | 40,035.00 | 15,035 |
Peugeot 2008 | Peugeot 2008 Active | 6,600,000 | 25,000 | 1.50% | 99,000.00 | 74,000 |
| Peugeot 2008 Allure | 7,250,000 | 25,000 | 1.50% | 108,750.00 | 83,750 |
Revised WHT Tax on 1301-1600cc Cars
| 1301-1600cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
Toyota Yaris | Toyota Yaris GLI MT 1.3 | 4,479,000 | 50,000 | 2.00% | 89,580.00 | 39,580 |
| Toyota Yaris ATIV MT 1.3 | 4,730,000 | 50,000 | 2.00% | 94,600.00 | 44,600 | |
| Toyota Yaris GLI CVT 1.3 | 4,760,000 | 50,000 | 2.00% | 95,200.00 | 45,200 | |
| Toyota Yaris ATIV CVT 1.3 | 5,604,000 | 50,000 | 2.00% | 112,080.00 | 62,080 | |
| Toyota Yaris ATIV X CVT 1.5 Beige Interior | 6,255,000 | 50,000 | 2.00% | 125,100.00 | 75,100 | |
| Toyota Yaris ATIV X CVT 1.5 Black Interior | 6,319,000 | 50,000 | 2.00% | 126,380.00 | 76,380 | |
Toyota Corolla | Toyota Corolla Altis X Manual 1.6 | 5,969,000 | 50,000 | 2.00% | 119,380.00 | 69,380 |
| Toyota Corolla Altis 1.6 X CVT-i | 6,559,000 | 50,000 | 2.00% | 131,180.00 | 81,180 | |
| Toyota Corolla Altis 1.6 X CVT-i Special Edition | 7,189,000 | 50,000 | 2.00% | 143,780.00 | 93,780 | |
| Honda BRV | Honda BR-V i-VTEC S | 6,299,000 | 50,000 | 2.00% | 125,980.00 | 75,980 |
Honda HR-V | Honda HR-V VTi | 7,649,000 | 50,000 | 2.00% | 152,980.00 | 102,980 |
| Honda HR-V VTi-S | 7,899,000 | 50,000 | 2.00% | 157,980.00 | 107,980 | |
Honda Civic | Honda Civic Oriel | 8,659,000 | 50,000 | 2.00% | 173,180.00 | 123,180 |
| Honda Civic RS | 9,899,000 | 50,000 | 2.00% | 197,980.00 | 147,980 | |
Honda City | Honda City 1.5L CVT | 5,439,000 | 50,000 | 2.00% | 108,780.00 | 58,780 |
| Honda City 1.5L ASPIRE M/T | 5,649,000 | 50,000 | 2.00% | 112,980.00 | 62,980 | |
| Honda City 1.5L ASPIRE CVT | 5,849,000 | 50,000 | 2.00% | 116,980.00 | 66,980 | |
Changan Alsvin | Changan Alsvin 1.3L MT Comfort | 3,799,000 | 50,000 | 2.00% | 75,980.00 | 25,980 |
| Changan Alsvin 1.5L DCT Comfort | 4,349,000 | 50,000 | 2.00% | 86,980.00 | 36,980 | |
| Changan Alsvin 1.5L DCT Lumiere | 4,549,000 | 50,000 | 2.00% | 90,980.00 | 40,980 | |
Changan Oshan X7 | Changan Oshan X7 Comfort | 7,999,000 | 50,000 | 2.00% | 159,980.00 | 109,980 |
| Changan Oshan X7 FutureSense | 8,549,000 | 50,000 | 2.00% | 170,980.00 | 120,980 | |
Haval Jolion | Haval Jolion 1.5T | 8,028,500 | 50,000 | 2.00% | 160,570.00 | 110,570 |
| Haval Jolion HEV | 9,295,000 | 50,000 | 2.00% | 185,900.00 | 135,900 | |
Proton X70 | Proton X70 Executive AWD | 8,799,000 | 50,000 | 2.00% | 175,980.00 | 125,980 |
| Proton X70 Premium FWD | 9,299,000 | 50,000 | 2.00% | 185,980.00 | 135,980 | |
MG HS | MG HS Excite | 7,199,000 | 50,000 | 2.00% | 143,980.00 | 93,980 |
| MG HS Essence | 8,099,000 | 50,000 | 2.00% | 161,980.00 | 111,980 | |
| KIA Stonic | KIA Stonic EX+ | 4,767,000 | 50,000 | 2.00% | 95,340.00 | 45,340 |
Hyundai Santa FE | Hyundai Santa Fe Smart | 12,990,000 | 50,000 | 2.00% | 259,800.00 | 209,800 |
| Hyundai Santa Fe Signature | 14,699,000 | 50,000 | 2.00% | 293,980.00 | 243,980 | |
DFSK Glory 580 | DFSK Glory 580 1.5 CVT | 5,610,000 | 50,000 | 2.00% | 112,200.00 | 62,200 |
| DFSK Glory 580 Pro | 6,790,000 | 50,000 | 2.00% | 135,800.00 | 85,800 | |
Haval H6 | Haval H6 1.5T | 9,189,990 | 50,000 | 2.00% | 183,799.80 | 133,800 |
| Haval H6 HEV | 11,866,500 | 50,000 | 2.00% | 237,330.00 | 187,330 | |
| MG ZS | MG ZS 1.5L | 4,550,000 | 50,000 | 2.00% | 91,000.00 | 41,000 |
| Chery Tiggo 4 | Chery Tiggo 4 Pro DEX Plus 1.5T | 6,899,000 | 50,000 | 2.00% | 137,980.00 | 87,980 |
| Chery Tiggo 8 | Chery Tiggo 8 Pro 1.6 DEX Plus | 9,550,000 | 50,000 | 2.00% | 191,000.00 | 141,000 |
JW Forland | JW Forland Safari Premium 1.5 DLX | 4,299,000 | 50,000 | 2.00% | 85,980.00 | 35,980 |
| JW Forland Safari Deluxe 1.5 EFI | 4,099,000 | 50,000 | 2.00% | 81,980.00 | 31,980 | |
| JW Forland Safari Comfort 1.5 CL | 3,499,000 | 50,000 | 2.00% | 69,980.00 | 19,980 |
Revised WHT Tax on 1601cc – 1800cc Cars
| 1601cc – 1800cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
Toyota Corolla | Toyota Corolla Altis Grande X CVT-i 1.8 Beige Interior | 7,509,000 | 150,000 | 3% | 225,270.00 | 75,270 |
| Toyota Corolla Altis Grande X CVT-i 1.8 Black Interior | 7,549,000 | 150,000 | 3% | 226,470.00 | 76,470 | |
Toyota Corolla Cross | Toyota Corolla Cross 1.8 | 8,199,000 | 150,000 | 3% | 245,970.00 | 95,970 |
| Toyota Corolla Cross 1.8 X | 8,899,000 | 150,000 | 3% | 266,970.00 | 116,970 | |
| Toyota Corolla Cross 1.8 HEV | 9,399,000 | 150,000 | 3% | 281,970.00 | 131,970 | |
| Toyota Corolla Cross 1.8 HEV X | 9,849,000 | 150,000 | 3% | 295,470.00 | 145,470 | |
| Hyundai Elantra | Hyundai Elantra GL | 6,399,000 | 150,000 | 3% | 191,970.00 | 41,970 |
Revised WHT Tax on 1801cc to 2000cc Cars
| 1801cc – 2000cc | Current Value | Current Tax | Proposed Tax (%) | Proposed Tax (pkr) | Difference (pkr) | |
| MG HS | MG HS 2.0T AWD | 9,299,000 | 200,000 | 5% | 464,950.00 | 264,950 |
| Haval H6 | Haval H6 2.0T AWD | 10,553,500 | 200,000 | 5% | 527,675.00 | 327,675 |
Kia Sportage | KIA Sportage Alpha | 7,300,000 | 200,000 | 5% | 365,000.00 | 165,000 |
| KIA Sportage FWD | 7,740,000 | 200,000 | 5% | 387,000.00 | 187,000 | |
| KIA Sportage AWD | 8,470,000 | 200,000 | 5% | 423,500.00 | 223,500 | |
| KIA Sportage Black Limited Edition | 9,000,000 | 200,000 | 5% | 450,000.00 | 250,000 | |
| KIA Sportage Clear White Limited Edition | 9,000,000 | 200,000 | 5% | 450,000.00 | 250,000 | |
Hyundai Tucson | Hyundai Tucson FWD A/T GLS | 7,165,000 | 200,000 | 5% | 358,250.00 | 158,250 |
| Hyundai Tucson FWD A/T GLS Sport | 8,030,000 | 200,000 | 5% | 401,500.00 | 201,500 | |
| Hyundai Tucson AWD A/T Ultimate | 8,659,000 | 200,000 | 5% | 432,950.00 | 232,950 | |
| Hyundai Elantra | Hyundai Elantra GLS | 6,930,000 | 200,000 | 5% | 346,500.00 | 146,500 |
| Hyundai Sonata | Hyundai Sonata 2.0 | 9,979,000 | 200,000 | 5% | 498,950.00 | 298,950 |
