Mr. Ankur has taken interest free loan of ₹ 3,00,000 from his employer for the purpose of medical treatment of his son. The SBI rates are 8% p.a. The expenses on medical treatment were reimbursed by the insurance company. In this case taxable value of perquisite is:
A. ₹ 90,000
B. Nil
C. ₹ 24,000
D. ₹ 72,000
Answer:C
Mr. Ankur has taken interest free loan of ₹ 3,00,000 from his employer for the purpose of medical treatment of his son. The SBI rates are 8% p.a. The expenses on medical treatment were reimbursed by the insurance company. In this case taxable value of perquisite is:
A. ₹ 90,000 B. Nil C. ₹ 24,000 D. ₹ 72,000