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 Batra 5.2k320

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

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Asked: Jul 29 '11 at 06:01

Seen: 1,879 times

Last updated: Jul 30 '11 at 04:38