Interest Free Loan

This query is : Resolved

Prashant (Querist)
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12 September 2010 Hi...

If employee is recd interest free loan from employer. will that be consider in perq for respective individual's taxable Income. or what else..?

Thanks
Prashant

G.Ramesh

G.Ramesh (Expert)
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12 September 2010 Yes...Interest amount will be Treated as Perq. and taxed accordingly

K V Subba Rao

K V Subba Rao (Expert)
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12 September 2010 Yes. I suggest you check the following link for full details

http://www.simpletaxindia.org/2009/12/concessionalinterest-free-loan-employee.html

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