Income Tax Rules on Tax on Perquisites in form of Concessional or Interest-Free Loan [PDF]

The Public Sector Banks in India have started deducting tax on perquisites such as interest free loans or loans at concessional rate of interest offered to employees. In this context, let’s have a look at the rules of Income Tax related to Tax on Perquisites. The Income Tax Department has provide set of rules and clarifications related to the tax on perquisites and same is as given below.

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