Employer provided interest free loan taxable?

Ask the Community Income Tax
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1

Hi,

When employer provides a interest free loan. Is it taxable? and is there any exemptions?

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2

Hi anu

Yes only the perk as per SBI interest rate if they are in the tax bracket.

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3

Hi Anu,

Yes, this will be called as per Perquisite rate which will be declared by SBI every year and accordingly your tax will be calculated.

Regards
Arpana

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