The 60-second version
Section 80EEB allows up to ₹1.5 lakh interest deduction on EV purchase loan for notified FY window — separate from 24(b) home loan. I verify lender approval and vehicle category.
80EEB is EV-specific — cannot swap with home loan section
Section 80EEB deduction applies to interest on loan for purchase of electric vehicle — notified sanction date window applies; verify loan approval date on sanction letter.
Deduction is over and above other provisions — but only one EV loan per individual; company fleet not eligible.
Pairs with charger subsidy and RTO registration — keep lender interest certificate for ITR.
Charger lane: EV charger subsidy guide.
EV tax benefit stack
| Benefit | Max | Condition |
|---|---|---|
| 80EEB interest | ₹1,50,000 | Notified EV loan FY |
| 24(b) home loan | ₹2,00,000 | Separate asset |
| 80EE first home | ₹50,000 | If eligible FY |
| State EV subsidy | Varies | Vehicle + charger |
| GST on EV | 5% | Lower rate vehicle |
80EEB claim sequence
Check notification
Loan sanction in active 80EEB window.
EV category
Approved electric vehicle per lender list.
Interest certificate
Bank breakup principal vs interest.
ITR Schedule VI-A
80EEB line — interest only.
Retain proofs
Sanction letter + RC + interest cert 7 years.
Claim flow
80EEB kit
- Sanction letter.
- RC copy.
- Interest certificate.
- Loan account stmt.
- Lender EV eligibility letter.
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One-time
Section 80EEB is per individual lifetime in notified scheme — confirm not claimed earlier.
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0 of 4 checked
Company car loan?
80EEB individual only — not company assessee.
Second EV?
Typically one claim per notified scheme — verify notification.
With 80EEA home?
Different assets — both can apply same year if eligible.
NRI year loan?
Deduction needs resident status in claim year.
Lease not loan?
80EEB needs loan interest — lease rent excluded.
Co-borrower spouse?
Split interest per ownership — each claims share.
Your tax year is already running.
RNOR status, exit timing, and DTAA benefits all depend on decisions you make before you land. Don't guess.