Rebate in TDS on Vehicle Loan

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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?

1 Answers

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

Thanks for the information sir.

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