Do somebone have the SBI Lending rate applicble for the FY 2010-11 to compute interest perquisite.
Regards,
Benny
Benny Thadathil (CDM) (317 Points)
05 May 2010Do somebone have the SBI Lending rate applicble for the FY 2010-11 to compute interest perquisite.
Regards,
Benny
Amir
(Learner)
(4016 Points)
Replied 06 May 2010
Dear Sir,
Rates as mentioned in the latest edition of Ready Reckoner -
The rates were as follows-
1) Housing Loan - 8%
2) Car Loan (for new Car) - 8%
3) Two wheeler Loan - 15.75%
4) Education loan - {other than Scholor Loan scheme where Rate was 10.25% + concession of 0.5% for Girl student}
a) Upto Rs. 4 Lacs - 11.25%
b) Above 4 Lacs - 12.75%
5) Personal Loan - 16%
6) Loan to employees to suscribe ESOP's - 14%
Note - the above rates were as mentioned on the SBI Website on 01.04.2010
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 06 May 2010
The interest rates can be viewed on this site also. https://www.statebankofindia.com/
S. Prabhat Patra
(Service)
(161 Points)
Replied 24 June 2010
Thanks a lot Aditya......... you mean I T Reckoner of of Taxmann... if so where do i find it in the reckoner
Regards, Prabhat
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