Applicability of perquisite calculation on education loan
This query is : Resolved
Abhay KUmar
(Querist)
02 March 2015
Hi,
Can any body throw light on the following issue:-
When a staff of Bank takes a education loan from his employer bank, but it is given on interest rate which is as applicable to general public without any interest concession, then whether perquisite calculation for the purpose of income tax is applicable or not.
Can any body throw light on the following issue:-
When a staff of Bank takes a education loan from his employer bank, but it is given on interest rate which is as applicable to general public without any interest concession, then whether perquisite calculation for the purpose of income tax is applicable or not.
CA Anjana Grover
(Expert)
02 March 2015
Hi Abhay,
In this particular circumstances no perks attract.Hence no Income tax applicable.
Regards
In this particular circumstances no perks attract.Hence no Income tax applicable.
Regards
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