Electric Vehicle Rebate 2024 Sbi. Therefore, interest paid by you on the electric vehicle loan, purchased for the personal use, qualifies for deduction under this. One such initiative was section 80eeb of the income tax.

With zero processing fee and subsidised rate of interest, an applicant can receive. The income tax act of 1961’s section 80 eeb focuses on the interest payments made on loans taken out to purchase an electric vehicle for personal or.