How this calculator works
Section 80EEB provides an old-regime deduction up to ₹1.5 lakh for eligible interest on a loan for purchase of an electric vehicle where the loan was sanctioned from 1 April 2019 through 31 March 2023, subject to statutory conditions.
Important eligibility note
This tool calculates the numerical cap only after you enter an amount you believe is eligible. It does not automatically prove loan dates, property/vehicle conditions, residency, authorship, patent ownership, certificates, filing deadlines or tax-regime eligibility.
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How to use this calculator
- Set Eligible EV loan interest paid (default 100000).
- Select Calculate to update the result. Reset restores the starting values.
Planning estimate only. This does not determine legal eligibility. Verify tax regime, dates, documents and current official guidance before filing.
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