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Interest Free Loan provided by the employer is exempt from tax in the following 2 cases:-
Perquisite Value Calculator for Concessional / Interest Free Overdraft Limit | ||
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Rate of Interest charged OD A/C | ||
Total Interest charged in OD A/C | ||
SBI Interest Rate for loan type | ||
Taxable Perquisite Value of Concessional / Interest Free OD Limit |
Perquisite Value Calculator for Concessional / Interest Free Term Loans | ||
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SBI Interest Rate for loan type | ||
Interest charged in Loan A/C | ||
Balance as on last day of Month | Interest as per SBI Rate | |
April | ||
May | ||
June | ||
July | ||
August | ||
September | ||
October | ||
November | ||
December | ||
January | ||
February | ||
March | ||
Total Interest as per SBI Rates | ||
Less : Interest Charged in Loan A/C | ||
Taxable Perqusiste Value of Concessional / Interest Free Loan |