Electric Vehicles Tax. 1,50,000 under section 80eeb on the interest paid on loan taken to buy electric vehicles. Currently, the vehicle tax is 4% to 10% of the value of the vehicle, and the registration fee is up to 3000 rs.
04 aug 2023 6:12pm by pib delhi. According to the union budget 2019, the government of india is offering a tax exemption for the purchase of electric vehicles,.
Electric Vehicles Are More Efficient, And That Combined With The Electricity Cost Means That Charging An Electric Vehicle Is Cheaper Than Filling Petrol Or Diesel For Your Travel.
A deduction of up to rs 1,50,000 for interest payments is available under section 80eeb.
04 Aug 2023 6:12Pm By Pib Delhi.
However, consumers of electric vehicles can avail of tax benefits on their vehicle loans under the recently added section known as 80eeb.
1,50,000 Under Section 80Eeb On The Interest Paid On Loan Taken To Buy Electric Vehicles.
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The Goods And Services Tax (Gst) On Sale Of Electric Vehicles Has Been Reduced From 12% To 5%.
Gst on chargers/ charging stations for electric vehicles has been reduced from 18% to 5%.