Do away with 12 per cent central excise and state road taxes, which would bring down the cost of a bus by a few lakh rupees A new tax structure for private cars. Currently, the rates are 2 per cent on vehicles that cost up to Rs 4 lakh and 4 per cent on cars that cost more than Rs 4 lakh. Under the new structure, impose duty of 5 per cent on cars priced up to Rs 5 lakh, 10 per cent for