Electric Vehicle Tax Exemption Limit. An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb. 1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
8a of the fringe benefits tax (assessment). Section 80eeb is a new section added to the income tax act of 1961 and introduced by the indian government in the union budget 2019.
An Individual Taxpayer Can Claim Interest On A Loan Of An Electric Vehicle Of Up To Inr 1.5 Lacs Under Section 80Eeb.
The government of india has introduced a new section in the income tax act, the 80eeb, which offers ev owners a benefit of up to ₹1.5 lakh every.
A Deduction Of Up To Rs 1,50,000 For Interest Payments Is Available Under Section 80Eeb.
The section defines the term.
In Simple Terms, The Total Amount Of Deduction An Individual Taxpayer Can Claim Under Section 80Eeb Is The Lower Than:
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Individual Taxpayers Must Also Make Sure To Have.
An individual taxpayer can claim interest on a loan of an electric vehicle of up to inr 1.5 lacs under section 80eeb.
Section 80Eeb Of The Income Tax Act Offers A Tax Deduction Benefit Of Up To ₹1.5 Lakh On The Interest Component Of A Loan Taken To Purchase An Electric Vehicle.
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.
A Deduction Of Up To Rs 1,50,000 For Interest Payments Is Available Under Section 80Eeb.