Government Launches FASTag-Based Annual Pass for Private Vehicles The Government of India has introduced a FASTag-based Annual Pass for non-commercial private vehicles, aiming to simplify toll payments and improve road travel. Effective from August 15, 2025, the pass costs ₹3,000 and offers several benefits. Key Features of the FASTag Annual Pass 1. *Fixed Fee*: ₹3,000 covering up to 200 trips or one calendar year. 2. *National Highway Coverage*: Applicable on National Highways across India. 3. *Exclusively for Private Vehicles*: Limited to non-commercial four-wheelers (cars, jeeps, vans). 4. *No Toll Deductions*: No toll deductions until the usage limit or validity is reached. Activation and Renewal The pass can be activated and renewed through: 1. *Rajmarg Yatra App* 2. *NHAI Website* 3. *MoRTH Website* Users will require valid FASTag credentials, vehicle registration number, and basic verification. Benefits and Objectives 1. *Simplified Toll Payments*: Single upfront payment re...
How to claim tax benefits on personal loans?Yes, you can claim tax deduction from interest on personal loan taken for home purpose only and renovation.1. Interest payments benefit under renovate your home. Limit: upto INR 30,000/- pa only interest Section: Section 24(b) of the Income Tax Act. 2. Property addition or renovation benefit.Limit: INR 2,00,000/- pa for interest portion only.Section 24(b) of the Income Tax Act3. Business use benefit:Section 36(1)(iii) of the Income Tax Act4. Interest on higher education abroad:Section 24(b) of the Income Tax Act. No restrictions
How to claim tax benefits on personal loans? Yes, you can claim tax deduction from interest on personal loan taken for home purpose only and renovation. 1. Interest payments benefit under renovate your home. Limit: upto INR 30,000/- pa only interest Section: Section 24(b) of the Income Tax Act. 2. Property addition or renovation benefit. Limit: INR 2,00,000/- pa for interest portion only. Section 24(b) of the Income Tax Act 3. Business use benefit: Section 36(1)(iii) of the Income Tax Act 4. Interest on higher education abroad: Section 24(b) of the Income Tax Act. No restrictions Personal loans are a great way to get money when you don't have something valuable to use as security. Even though the interest rates on personal loans are higher compared to loans with collateral, you might be able to get some tax benefits depending on how you use the loan. Here's how you can claim tax benefits on your personal loan: 1. Interest payments benefit under renovate you...