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interest on loan

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(Querist)
22 March 2010 what is rate of interest on loan taken by emplyees from employer between the financial year 2009-10 and what is the maximum amount that can be taken without any interst in the same financial year?
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Zeeshan

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Zeeshan (Expert)
22 March 2010 There is no such rate or limit prescribed any where in respect of interest.
this depends upon the mutual understanding or the policy of the company/organisation itself.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
22 March 2010 agreed
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
22 March 2010 agree
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