An salaried employee availed a home loan from financial institution( Say SBI) and receiving interest subsidy from employer( Private Corporate).
How to calculate the value of perquisite
is there any exemption available for the same.
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TAXABILITY OF INTEREST SUBSIDITY RECEIVED FROM EMPLOYER
Replies (5)
Subsidy, what kind of it is provided by the employer? More & more i think either he paid the interest on behalf of the employee or he will reimburse you.
Department doesn't care whether you are getting a subsidy or not ?? But you are having the exemption available in income tax ..............
Interest is reimburse by employer what kind of exemption nis available
Reimburse by the employer is the part of a salary ?? If it is not then you can show it the income other than sources. Interest reimburse by the employer it means loan repay by the employee from himself/herself account.
Yes it is part of salary
If it is a part of a salary then why are you concerned about interest subsidy & reimburse .............??
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