Amendment status not verified — confirm the current text below against the official source.
( 1 ) The tax leviable under 1 [ 2 [sub-section ( 1 )] of section 3] shall be paid in advance by every registered owner or any person having possession or control, of a motor vehicle,- (i) annually 3 [at the rates provided by 4 [sub-section ( 1 ) of section 3]] (hereinafter referred to as "the annual rate"), or 5 [( ii ) for each quarter, at one-fourth of the annual rate referred to in clause (i) , plus ten per centum thereof rounded off in the manner provided in 6 [sub-section ( 3 )] (the sum so arrived at is hereinafter referred to as "the quarterly rate"), or ( iii ) for more than one quarter, at multiples of the quarterly rate;] 7 [( iv ) for any period less than a quarter expiring on the last day of the quarter,- ( a ) at the rate of one-twelfth of the annual rate of tax plus 20 per cent. thereof, where the period does not exceed one calendar month ; (b) at the rate of two-twelfth of the annual rate of tax plus 15 per cent. thereof, where the period exceeds one calendar month but does not exceed two calendar months ; and ( c ) at the quarterly rate, where the period exceeds two calendar months;] 8 * * * * * * * * 9 * * * * * * * * 10 [( 2 ) The one time tax payable under sub-sections 11 [( 1C ), ( 1D ), ( IE ) or ( 1F )] as the case may be, of section 3 shall be paid, in case of motor vehicles referred to,- ( a ) in sub-clause (i) of clause ( a ) of each of the sub-sections 12 [( 1C ), ( 1D ), ( 1E ), and ( 1F )] at the time of registration ; (b) in sub-clause ( ii ) of clause ( a ) of each of the sub-sections 13 [( 1C ), ( 1D ), ( 1E ) and ( 1F )] within one month from the date of expiry of the period for which the tax is paid under sub-section ( 1 ) of section 3; and ( c ) in sub-clause ( iii ) of clause ( a ) of each of the sub-sections 14 [( 1C ), ( 1D ), ( 1E ) and ( 1F )] at the time of Registration mark is assigned to the vehicle in the State of Maharashtra.] 15 [( 3 )] In calculating the amount of tax due under 16 [this section] for any period 17 * * * * the fraction of a rupee less than fifty 18 [ paise shall be ignored, and the fraction of rupee of fifty paise or more] shall be taken as a rupee.