Education loan to employees
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2014
An employee of Pvt. Ltd. company wants a educational for their son's education of Rs. 20 lakhs.
What will be tax implication.
What will be tax implication.
10 April 2014
if it is interest free loan then you need to calculate the perquisite as interest rate of sbi lending rate for educational loans. if it is interest chargeable then the difference between interest and SBI lending rate will be treated as taxable perquisites
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