13 September 2009
It shall be deducted at the rates prescribed under 'Interest other then Interest on securities.' It is on loan and can not be a part of salary. Salary and Loan, both are totally different and can not be clubbed together.
14 September 2009
It is not need to be written specifically. It is clearly looking that its not a part of salary. And intt on loan is treated as intt other then the securities. Hence it has to be deducted at that rate only.