The value of the perquisite to be included in the salary of employee if interest free loan is to be given to an employee (for the purpose of medical treatment of specified diseases) by the employer:

CS Executive · Tax Laws and Practice · PYQS · December 2021
The value of the perquisite to be included in the salary of employee if interest free loan is to be given to an employee (for the purpose of medical treatment of specified diseases) by the employer:
(A) ₹10,000
(B) ₹20,000
(C) Nil
(D) ₹50,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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