The mishap, involving an Innova taxi on its way to Srinagar from Jammu, took place near Sherbibi belt of Banihal tehsil this afternoon, they said.
All the injured, two of whom are serious, were first taken to a hospital here, but later shifted to a Srinagar hospital.
The injured include a man and his daughter who were on their way to Khirbawani Mela, police said.