Calculation of perquisite interest free loan
Querist : Anonymous
Plz clarify my following doubt in calculation of interest free loan to employee perquisite, assume Rs. 1 lakh interest free loan was given to employee on 17/12/2015......1) will i have to find out SBI interest as on 1/4/2015 or as on 17/12/2015 to calculate the perquisite...2) weather interest will be calculated from april or december....3) will interest be calculated day wise or month wise,
Thanx & Regard
Shivam Shukla
2. Interest will be calculated from December
3. Monthly basis, On the maximum outstanding of the particular month
Querist : Anonymous
Querist : Anonymous
Show this 1 lakh in 5 part i mean 20000, 20000 then it will be exempt or taxable
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