Income Tax : SBI Lending Rates
We have attached herewith a file which have SBI lending rates for Assessment years 2006-07, 2007-08, 2008-09, 2009-10, 2010-11 and 2011-12. It Contains the Interest Rate on following Kinds of Loan for different period:-
- Interest Rate on Housing Loan up to 5 Years, Above 5 years but up to 10 years, Above 10 years but up to 15 years and Above 15 years but up to 20 years.
- Car Loan
- Two Wheeler Loan
- Education Loan
- Personal Loan
- Loan to employees to subscribe ESOP.
Download Interest rate for Income Tax purpose (As on April 1, 2005 for the Assessment year 2006-07, As on April 1, 2006 for the Assessment year 2007-08, As on April 1, 2007 for the Assessment year 2008-09, As on April 1, 2008 for the Assessment year 2009-10, As on April 1, 2009 for the Assessment year 2010-11, As on April 1, 2010 for the Assessment year 2011-12 and As on April 1, 2011 for the Assessment year 2012-13)
In this case, bank has provided you rent free accomodation, hence it will be treated perquisite in your hand. value shall be determined lower of 15% of salary or rent paid by bank, which shall be taxable in your hand.
sir i am a cash officer in sbi. i am living in a rent(7500rs per month in ranchi jharkhand) which is provided my bank.but i want to know that how many rupees my landowner pay in income tex.