Claim Deduction for EV loan

You can claim a deduction on the interest paid towards an electric vehicle (EV) loan under Section 80EEB. This deduction is specifically for people who take loans to purchase electric vehicles for personal or business use. The benefit applies under the old tax regime.

The deduction is applicable only on interest payments, not on the principal amount. You can continue to claim this deduction annually until the loan is fully repaid.

Steps to Claim Deduction for Rent Paid

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

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