EXPLAINED: Big Blow To Bank Employees! SC Says Interest-Free Loans Availed By Bank Staff Taxable

Thursday, 9 May 2024
SC ruling said, benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed by them and hence is liable to taxation.

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Bank employees take note! Supreme Court says interest-free loans given to bank staff taxable as fringe benefits

Supreme Court has ruled that the interest-free or concessional loans given by banks to employees are taxable fringe benefits. The Supreme Court has ruled that...
IndiaTimes on May 9, 2024

EXPLAINED: Big Blow To Bank Employees! SC Says Interest-Free Loans Availed By Bank Staff Taxable

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Bank employees take note! Supreme Court says interest-free loans given to bank staff taxable as fringe benefits