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Is car loan principle or interest eligible 4 tax deduction?

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(Querist)
30 July 2016 I'm a government employee

I have been sanctioned car loan of 8 lakh rupees in July 2016.
How can I best save my income tax while filing returns for FY 16-17 next year??
Please help as my total income from salaries and other sources for FY 16-17 would be in 30% slab

Thank you
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
31 July 2016 No. Car loan interest is not admissible as deduction

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