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Rule of perquisite value of advance

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(Querist)
12 February 2009 may any one tell me the rule regrading perquisite value of advance/loan given to the employee by the employer.
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K V Subba Rao

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K V Subba Rao (Expert)
12 February 2009 Step-by-Step procedure is available at Para 15.10 of 31st edition of Singhania's Direct Taxes Ready Reckoner
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
12 February 2009 Rate of interest offred by SBI on first day of financial year minus rate of interest charged by employer multiply outstanding monthly balance on loan amount exceeding 20,000/- = PERQUISITE VALUE.
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