Perquisite vs fringe benefit tax

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Ganesh G. Gage (Querist)
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22 February 2013 Please clarify my doubt.
Interest free/ concessional loan by the employer to employee is perquisite under section 17(2) or it is fringe benefit tax.

please specify section subsection rule in detail..

@VaibhavJ

@VaibhavJ (Expert)
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23 February 2013 Hi

Its Perquisite now, FBT has been abolished.

So you can refer S/17 & Rule 3(7) for details on the same.

Refer this link for details: http://taxguru.in/income-tax/how-to-calculate-value-of-interest-free-or-concessional-loan-received-from-employer.html

Thanks!!