Find out the taxable value of the Interest free/Concessional loan as per rule 3(7) (i)

Under Rule 3(7)(i), the taxable value of the perquisite arising from interest-free or concessional loans is calculated as follows:

1. Loan Amount: Consider the maximum outstanding loan balance during the relevant financial year. This includes the aggregate outstanding balance of loans provided by the employer to the employee at any time during the financial year.

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