How to add deductions u/s 80EEB?

Section 80EEB allows a tax deduction to individual taxpayers for interest paid towards purchasing electric vehicles. The eligible deduction is INR 1,50,000.

The sanction date of the loan should be between 1st April 2019 to 31st March 2023.

Adding deductions under Section 80EEB,

Bought an EV vehicle to save cost on fuel? Well we can increase the benefits by claiming deductions on its loan interest too,

1. Navigate to Save > Begin/Edit > Deductions > Add/Proceed.
2. Select Section 80EEB and click on Proceed.
3. Add the Interest paid on electric Vehicle Loan.
   
4. Once you have added the amounts correctly, click on Save.

Want to see the deductions that you just added? Go to the summary view under, Tax Situation > Deductions.