Employer given to loan employee


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2016 If Employer (Company) paid such amount to Employee as loan without interest , and employee paid some rupess deducted on his salary so this loan amount should count in advance of salary , if yes so and of the year we calculate his salary + loan = and deducted TDS ?
Example:

A Yearly Salary :2,50,000
Loan without Interest :50,000 ( monthly Paid via Salary of Rs.5000/=)

So His Total Income 2,50,000 or 3,00,000
Reply Urgent



23 February 2016 If loan is repayable only calculate the interest on such loan normally payable as perks and work out TDS

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2016 Interest Rate as per sbi ...Ok

Interest Taxable only Employee account
and can cliam under 80 C ?

23 February 2016 SBI rate OK. 80c allowed only in case of housing loan.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2016 Thanks Sir,
One Small Question ask to you, Employer give to the loan employee as purchase of house purpose but employee should invest other way to how to classification to income tax department...

Such Example : 1.House Renovation , Car Reparing , Student Education Purspose, etc

Reply urgent
thanks again


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details