Dear Gurus,
if employee getting loan from company around 50000/- can be taxable or not.
wheather employer have to deduct the income tax while giving the company loan or not
with regards
partha
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Company Loan -Taxable
Replies (4)
No , there is no need to deduct TDS But there can be FBT if company charge you very less interest on the same.
For example
If the Compay get a loan near about 12% Interest Rate & the company Provide Loan to Employees @ 9% can the company is liable for FBT
Hi
if the employer is giving the loan without interest then
no tds
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