Hi,
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?
Hi,
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?
There is no deduction available for amount paid towards loan taken for vehicles.
Thanks for the information sir.