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TAXABILITY OF INTEREST SUBSIDITY RECEIVED FROM EMPLOYER

Jitendra Singh Kachchhawah (Salaried) (78 Points)

23 April 2023

An salaried employee availed a home loan from financial institution( Say SBI) and receiving interest subsidy from employer( Private Corporate).

How to calculate the value of perquisite

is there any exemption available for the same.

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5 Replies

NARENDRA (ACCOUNTS MANAGER) (2154 Points)
Replied 24 April 2023

Subsidy, what kind of it is provided by the employer? More & more i think either he paid the interest on behalf of the employee or he will reimburse you. Department doesn't care whether you are getting a subsidy or not ?? But you are having the exemption available in income tax ..............

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Jitendra Singh Kachchhawah (Salaried) (78 Points)
Replied 24 April 2023

Interest is reimburse by employer what kind of exemption nis available

NARENDRA (ACCOUNTS MANAGER) (2154 Points)
Replied 24 April 2023

Reimburse by the employer is the part of a salary ?? If it is not then you can show it the income other than sources. Interest reimburse by the employer it means loan repay by the employee from himself/herself account.