If you've taken a loan to purchase an electric vehicle (EV)—whether for personal or business use—you can claim a tax deduction on the interest paid under Section 80EEB of the Income Tax Act. This benefit is available only under the old tax regime.

• The deduction is applicable only on interest, not on the principal repayment.
• You can continue claiming this deduction every year until the loan is fully repaid.
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  Web

  Steps to Claim Deduction for Intrest Paid

  1. Navigate to File > Deductions
     
  2. Select Section 80EEB card
     
  3. Enter the interest amount paid during the year
  
  

  Mobile

  Steps to Claim Deduction for Intrest Paid

  1. Navigate to 
     File > Deductions
     
     
     
  2. Select 
     Section 80EEB card
     
     
     
  3. Enter the interest amount paid during the year
     
  
  

  
  
   

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