Electric Vehicle Rebate In Income Tax Treatment. According to the union budget 2019, the government of india is offering a tax exemption for the purchase of electric vehicles,. For business usage, individuals can get the tax benefit for electric cars.
Section 80eeb of income tax allows a deduction on interest paid on a loan taken for the purchase of evs. Additionally, individuals are allowed an additional deduction of rs 1.5.
A Cnbc Aawaz Report Said That The Government Can Extend The Income Tax Rebate Under Section 80Eeb For Another Two Years.
1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles.
Section 80Eeb Of Income Tax Allows A Deduction On Interest Paid On A Loan Taken For The Purchase Of Evs.
Ev buyers can claim up to โน1.5 lakh.
The Government May Allow An Extension In Income Tax Rebate On Electric Vehicles (Evs) For Two More Years As Part Of Its Budget 2023 Announcements, Sources.
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Tax Benefits On Electric Cars.
For example, maharashtra has granted subsidy on road tax on electric cars up to rs 1.5 lakh.
See Details Of Electric Vehiclesโ Tax Rate In India.
On electric automobiles and suvs, maharashtra offers a maximum subsidy of rs 2.5 lakh, while delhi, gujarat, assam, bihar, and west bengal offer maximum.
