Housing loan taken from employer
This query is : Resolved
19 January 2013
Hi Vaibhav i have some problem for housing loan. one of my employee taken housing loan from employer (interest free) amount 25,00,000 on different dates of financial year 2012-13. how to calculate interest (sbi rate) on different dates. plz urgent. i am an accountant. plz urgent
19 January 2013
You need to arrive the interest based on the number of days or month on outstanding balance of loan. suppose first disbursement in 1st April Rs.10000/-and 2nd disbursement in 1st July Rs.10000/- then you need to arrive the interest for Rs.10000 for 3 months & Rs.20000 from July 1st to till next disbursement
19 January 2013
ok thx ramesh krishnan good working
i have doubt for salary break up, one of my employee drawing salary 10,20,000pa. how to break up salary for tds
i have doubt for salary break up, one of my employee drawing salary 10,20,000pa. how to break up salary for tds
19 January 2013
Salary break up is based on the employer salary policy. generally break up will be given for better tax savings objective. Basic,HRA,Transport allowance,LTA etc.
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