Tax-Free Interest on Motor Vehicles Act effect from April 2026

Chaitra Seetharam , Last updated: 04 February 2026  
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In the Union Budget 2026 (presented in February 2026), the Government of India introduced a major relief measure for motor accident victims. Effective from April 1, 2026, interest awarded by the Motor Accident Claims Tribunal (MACT) will be entirely tax-free and exempt from Tax Deducted at Source (

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Chaitra Seetharam
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Category Union Budget   Report

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