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No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC - Vimarsana News

No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

Published: May 21, 2024

Bank employees have to pay income tax if they had taken loan from their employers at a concessional or interest free rate.

Source: indiatimes.com

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Tamil Nadu Deepashree Shetty Suresh Surana High Court India Bank Officers Confederation Supreme Court Madras Hight Court Tax Regulatory Services All India Bank Officers Confederation State Bank Finance Act Writ Petition Madras Hight Income Tax Act Prime Lending Income Tax Rules Regulatory Services Reserve Bank Old Tax Regime