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Revision as of 20:29, 1 September 2026


The HVUT, or Heavy Vehicle Use Tax, is a yearly tax paid by truck drivers or owners of trucking companies. It goes for drivers operating cars on our nation's highway, and many money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new creations.

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In addition, the exclusion is only one good thing that sustained. The income level that each tax bracket applies was increased for inflation.

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

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If you believe taxes are high now, wait till 2011. Concerning the federal, state and local governments, you may be paying much more than you are now. Plan for it ahead of energy and it is best to be in a position to limit the damage.

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