Are there any tax benefits associated with Mudra Loan EMIs?

Mudra loans, as such, do not offer any specific tax benefits on the EMI payments. However, if you are using the Mudra loan for business purposes, the interest paid on the loan may be considered a business expense. This means that the interest component of your EMI can be deducted from your taxable income under the "Profit and Gains from Business or Profession" section while filing your income tax returns. This could lower your overall tax liability, as the interest paid is treated as an expense. The understand the total payable amount of your loan, use the MUDRA loan EMI calculator to learn about the interest payable and the EMI.