Tax query

Bonus is fully taxable in the hand of empolyee.

Employer can give Loan to his employee's without intrest. But if loan amount exceeds Rs. 20 K than prequisite of interest will be taxable in the hand of empolyee.

Thanks Puneet 

Can you Explain in breif loan amt 165000/-,monthly deduction 12000/- then how perquisites intrest is need to calculated ?

Thanks 

calculate the interest on monthly outstanding balance as per interest rate prescribed by SBI bank for the loan of same purpose. interest of the financial year will be perquisite in the hand of employee.