Question on Section 80EEB

Say I take a car loan of 10L for a duration of 5 years with an assumed interest component of 40K per year.

Can I claim the 80EEB deduction through out the tenture of my loan? Which is 40K deduction every year for 5 years.

Or is it that I can only claim the deduction for 1 year? Which is 40K for the FY I took the loan in.

Or is it that I can claim a deduction of 1.5L in the FY I take the loan as I am liable to pay 2L (40K * 5Y) to the bank.

The language on the income tax website is a bit confusing.

2 posts were merged into an existing topic: How much can I save through deductions?