Incentives & TaxEV Glossary
What is Section 80EEB?
Income tax deduction up to ₹1.5 lakh on EV loan interest.
Under Section 80EEB of the Income Tax Act, salaried EV buyers can claim up to ₹1.5 lakh tax deduction on interest paid on EV loans. Applies to loans sanctioned between Apr 2019 and Mar 2023 for personal EVs. Check with your CA for eligibility.