Interest free loan to employee

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 November 2016 Dear Experts
Pls clarify weather interest free loan to employee is exempt upto 20000/- or not

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Sohal

25 November 2016 No such exemption.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2017 sir i have read the article pertain to interest free loan to employee wherein it is written that the loan upto 20000 in aggregate is exempt as per rule 3(7)(i) of income tax rule

please clarify the same in details


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