Section 80EEB (New Regime)
Electric Vehicle (EV) Loan Deduction Abolished in Default Slabs
Quick Answer
Section 80EEB (New Regime) (Electric Vehicle (EV) Loan Deduction Abolished in Default Slabs) has been deleted under the Income-tax Act, 2025, effective 1st April 2026.
What changed for Section 80EEB (New Regime)
Section 80EEB (New Regime) of the 1961 Act sets out the rules on electric vehicle (EV) loan deduction abolished in default slabs. Deduction up to Rs. 1,50,000 on interest paid for an Electric Vehicle (EV) loan.
Under the Income-tax Act, 2025 (effective 1st April 2026), this provision has been deleted — there is no successor section carrying it forward. Not Applicable. Buying an EV on loan yields no income tax benefits under the New Tax Regime.
The transition impact on Section 80EEB (New Regime) is assessed as Medium. Removes a popular tax-saving incentive for buying EVs.
Sec 80EEB (New Regime)
Provision Summary
Deduction up to Rs. 1,50,000 on interest paid for an Electric Vehicle (EV) loan.
Deleted
Provision Summary
Not Applicable. Buying an EV on loan yields no income tax benefits under the New Tax Regime.
Key Changes & Highlights
- Green tax incentives for individual car buyers removed from the default structure.
Related Sections
Frequently Asked Questions
Which subject does Section 80EEB (New Regime) of the 1961 Act cover?
Section 80EEB (New Regime) of the Income Tax Act, 1961 covers electric vehicle (EV) loan deduction abolished in default slabs. Deduction up to Rs. 1,50,000 on interest paid for an Electric Vehicle (EV) loan.
Is Section 80EEB (New Regime) of the ITA 1961 still applicable under the Income-tax Act, 2025?
Section 80EEB (New Regime) has been deleted under the Income-tax Act, 2025, with no successor section carrying it forward from 1st April 2026. Not Applicable. Buying an EV on loan yields no income tax benefits under the New Tax Regime.
How does the Income-tax Act, 2025 affect Section 80EEB (New Regime) in practice?
The transition impact for Section 80EEB (New Regime) is rated Medium. Removes a popular tax-saving incentive for buying EVs.
What is new about Section 80EEB (New Regime) under the Income-tax Act, 2025?
Green tax incentives for individual car buyers removed from the default structure. These points are specific to Section 80EEB (New Regime) (Electric Vehicle (EV) Loan Deduction Abolished in Default Slabs).
Disclaimer: This mapping of Section 80EEB (New Regime) (Electric Vehicle (EV) Loan Deduction Abolished in Default Slabs) under the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 80EEB (New Regime) is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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