Electric Vehicle Tax Benefits. Electric vehicles use electricity to charge their batteries instead of using fossil fuels like petrol or diesel. Buying an electric vehicle with a vehicle loan can make you eligible for income tax benefits under the 80eeb.
As per section 80eeb, buyers would get a total exemption on taxes of up to 150000 inr when paying off an ev. Section 80eeb provides a tax deduction of up to ₹1.5 lakh on the interest paid for a loan taken to acquire an electric vehicle.
Fame, Or Faster Adoption And Manufacturing Of (Hybrid And) Electric Vehicles, Is Currently India’s Flagship Scheme For Promoting Electric Mobility.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
As Per Section 80Eeb, Buyers Would Get A Total Exemption On Taxes Of Up To 150000 Inr When Paying Off An Ev.
Section 80eeb of the income tax act, 1961, enables eligible individuals to avail a tax deduction of up to ₹ 1.5 lakh on the interest paid for a loan taken exclusively.
However, It’s Essential To Note The.
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The Loan Must Be Obtained From Either The Bank Or A Specified Nbfc.
Section 80eeb of the income tax act, 1961, enables eligible individuals to avail a tax deduction of up to ₹ 1.5 lakh on the interest paid for a loan taken exclusively.
The Section 80Eeb Is Subject To Some Conditions.
Each person is only eligible for this tax.
As Per Section 80Eeb, Buyers Would Get A Total Exemption On Taxes Of Up To 150000 Inr When Paying Off An Ev.