Rebate in TDS on Vehicle Loan


I have purchased a bike, financed by Bajaj Auto @ 11.75%. My salary is 20K and I will start re-paying the Vehicle Loan with an installment of Rs.2502/month for 30 months. My question is.. will it be considerable for rebate in TDS deduction?

asked Jul 29 '11 at 06:01 by rgupta52 6112

There is no deduction available for amount paid towards loan taken for vehicles.

answered Jul 29 '11 at 18:47 by pankaj 5.2k320

Thanks for the information sir.
(Jul 30 '11 at 04:38) rgupta52

Know someone who can answer? Share a link to this question via email, twitter , or facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text]( "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported



Asked: Jul 29 '11 at 06:01

Seen: 1,306 times

Last updated: Jul 30 '11 at 04:38