The Government of India wants to promote the use of electric vehicles in India and to do so, they have added a new section for Income Tax Deduction, 80EEB. Under this section, if someone purchases an electric vehicle using a loan, they can get deductions on the interest amount while paying off the loan back. The total amount of tax exemption allowed is ₹1,50,000.
- https://life.futuregenerali.in/life-insurance-made-simple/tax-hacks/blogs/section-80eeb-deduction/
- India