Rule of perquisite value of advance
This query is : Resolved
12 February 2009
may any one tell me the rule regrading perquisite value of advance/loan given to the employee by the employer.
thanks
thanks
12 February 2009
Step-by-Step procedure is available at Para 15.10 of 31st edition of Singhania's Direct Taxes Ready Reckoner
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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