Perquisite value of interest free loans to employees
This query is : Resolved
06 November 2014
In the chart giving lending rates of SBI as on 1-4-2014, there is no General category, as was available till last year. Only specified loans are covered. e.g. if an employee takes a loan for marriage of his daughter, the same is not covered. Pl guide as to what rate to be considered.
Nikhil Kaushik
(Expert)
06 November 2014
if it doesn't fall under any category, then take the rate for xpress credit ie 15%
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