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Perquisite value of interest free loans to employees

This query is : Resolved 
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(Querist)
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.
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Nikhil Kaushik

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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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