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Perquisite value of interest free loans to employees

This query is : Resolved 

06 November 2014 In the chart giving lending rates of SBI as on 1-4-2014, there is no General category, as was available till last year. Only specified loans are covered. e.g. if an employee takes a loan for marriage of his daughter, the same is not covered. Pl guide as to what rate to be considered.

06 November 2014 if it doesn't fall under any category, then take the rate for xpress credit ie 15%



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