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ask 1800 180 1961/ 1961

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Taxability of Interest Free/Concessional Loan Perquisite

* Nothing would be charged to tax if the amount of loans in aggregate not exceeding Rs. 20,000.
Assessment Year
SBI interest rate as on 1st day of previous year
Interest recovered from employee (%)
Assessment Year
Maximum monthly outstanding
Monthly interest
Interest recovered from employee (%)
Taxable value of perquisite
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH
Total
Taxable value of perquisite
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Advisory: Information relates to the law prevailing in the year of publication/ as indicated . Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.​
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Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.
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