Interest free loan

Kannan (Research) (107 Points)

24 February 2008  
Dear Auditors,
I'm novice to this forum and I need your help in my loan.
I took Rs. 100000/- as interest free loan from my company and they are detecting Rs. 4000/- every month. For this financial year they had detected Rs. 12000/-. My problem is they had added Rs. 4000/- as perquisites in my salary. They said it is for the interest. When it is said that it is interest free loan, why they had added Rs. 4000/- as perquisite. Where I can get the exact calculations and definitions. OR anyone here can explain. Please.
With advance thanks
Kannan