For payment of tax, the quarterly periods referred to in Section 7 shall be the 4 periods of three months in a year, beginning on the first day of the month in which the vehicle was registered.
Example-I. – If the vehicle has been registered on 9th May (of any year) 4 quarterly periods shall be:-
(i) 1st May – 31st July
(ii) 1st August – 31st October
(iii) 1st November – 31st January
(iv) 1st February – 30th April:
Provided that the State Govt, may notify the districts, the categories of vehicles or both for which quarterly periods shall be 4 periods of 3 months beginning with the date and month of registration.
Example-II. – If a vehicle has been registered on 9th May (of any year) the quarterly periods for this vehicle shall be following 4 periods:-
(i) 9th May – 8th August
(ii) 9th August – 8th November
(iii) 9th November – 8th February
(iv) 9th February – 8th May