Ms. Janhvi is provided with an interest free loan by her employer for the purchase of a house. The value of the perquisite shall be –
A. Simple interest computed at the rate charged by the Central Government to its employees on 1st April of the previous year
B. Simple interest computed at the rate charged by State Bank of India on 1 st April of the previous year
C. Simple interest computed at the rate charged by National Housing Bank on 1 st April of the previous year
D. Simple interest computed at the rate determined by the employer on 1st April of the previous year
Answer:B
Ms. Janhvi is provided with an interest free loan by her employer for the purchase of a house. The value of the perquisite shall be –
A. Simple interest computed at the rate charged by the Central Government to its employees on 1st April of the previous year B. Simple interest computed at the rate charged by State Bank of India on 1 st April of the previous year C. Simple interest computed at the rate charged by National Housing Bank on 1 st April of the previous year D. Simple interest computed at the rate determined by the employer on 1st April of the previous year