Electric Vehicle Tax Benefit 2024 India. Jan 29, 2024, 20:25 ist. Also, this tax exemption is available only once under.
Well, purchasing an electric vehicle can help you save on income tax under 80eeb if an electric vehicle is purchased against an auto loan. 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.
Section 80Eeb Of Income Tax Act:
The ministry of heavy industries (mhi) in india launched the electric mobility promotion scheme (emps) in march 2024.
It Considers The Following Aspects:
Electric vehicle tax exemption, benefits and.
Also, This Tax Exemption Is Available Only Once Under.
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Several State Governments Have Offered Incentives For Evs.
Under section 80eeb, electric vehicle buyers are entitled to tax exemption up to rs 1.5 lakh on the loan amount.
For Instance, The Tamil Nadu Government Has Extended Motor Vehicle Tax Exemption By 100% For Evs Registered In.
The central government has reduced the goods and services tax on electric vehicles from 12%tpo to 5%.
The Ministry Of Heavy Industries (Mhi) In India Launched The Electric Mobility Promotion Scheme (Emps) In March 2024.