Tax Benefits Electric Vehicle. The loan must be obtained from either the bank or a specified nbfc. 45p per mile for the first 10,000 miles.
For business usage, individuals can get the tax benefit for electric cars. Electric vehicles use electricity to charge their batteries instead of using fossil.
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.
The section is applicable to individual taxpayers and offers a tax deduction of up to ₹ 1.5.
The Person Can Claim ₹1.5Lakhs Under The Law.
According to the union budget 2019, the government of india is offering a tax exemption for the purchase of electric vehicles,.
The Running Cost Of An Electric Vehicle Is Much Lower Than An Equivalent Petrol Or Diesel Vehicle.
Images References :
Electric Vehicles Use Electricity To Charge Their Batteries Instead Of Using Fossil.
However, it’s essential to note the.
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.
The person can claim ₹1.5lakhs under the law.