728x90 AdSpace

Download

SBI INTEREST RATE AS ON 01.04.2012 FOR PERQUISITES VALUATION

Advertisement
As per Income Tax rules if Interest free/concessional loan is provided by the employer to employee , it will be treated as perquisite to the employee and it as per Income tax rules , it valuation should be done and added to the income of the the employee.For interest free/concessional loan valuation interest rate of State Bank of India as applicable on first day of the financial year is to be considered. For Financial year 2012-13 , interest rate as applicable on 01.04.2012 is required ,which has been provided in the table below.

State Bank of India: Interest Rates on 1st April, 2012 ,For the purpose of computing perquisite valuation
Interest rates as on 1st April, 2012 on various loans in Personal Segment advances are as under –


Home Loan Scheme
Loan Amount
Linkage with Base Rate over the tenor of the loan
Effective Rate
Upto Rs. 30.00 lacs
0.75% above Base Rate
10.75% p.a.*
Above Rs. 30.00 lacs and upto Rs. 75.00 lacs
1.00% above Base Rate
11.00% p.a.*
Above Rs. 75.00 lacs
1.25% above Base Rate
11.25% p.a.*
No fixed rate option in any limit bracket.
* A concession of 0.25% in card interest rate over the tenor of Home Loan is available under ongoing special Home Loan campaign upto 30.09.2012.
SBI Car Loan Scheme
For all tenures
For Term Loan:
1.25% above Base Rate, i.e. 11.25% p.a.
For Overdraft:
1.75% above Base Rate, i.e. 11.75% p.a.
 NRI Car Loan

1.25% above Base Rate i.e. 11.25% p.a.
For all tenures
 Two- Wheeler Loan
Up to 3 years
8.25% above Base Rate i.e. 18.25% p.a.
 Used Vehicles
Up to 3 years
7.25% above Base Rate i.e. 17.25% p.a.
Above 3 yrs
7.50% above Base Rate i.e. 17.50% p.a.
Certified Pre-owned Car Loan scheme 
Up to 3 years
6.00% above Base Rate i.e. 16.00% p.a.
Above 3 yrs
6.50% above Base Rate i.e. 16.50% p.a.
SBI Student Loan Scheme
For loans upto Rs.4 lacs
3.50% above Base Rate, currently 13.50% p.a.
Above Rs.4 lacs and upto Rs.7.50 lacs
3.25% above Base Rate, currently 13.25% p.a.
Above Rs.7.50 lacs
2.00% above Base Rate, currently 12.00% p.a.
Xpress Credit
Type
Facility
Rate of Interest
Demand Loan
Check-off from Employer
5.00% above Base Rate Floating, currently 15.00% p.a.
SBI Saral Personal Loan
Demand Loan
Check-off from Employer
8.50% above Base Rate Floating, currently 18.50% p.a.
Loans against NSCs/KVPs/RBI Relief Bonds/Surrender Value of SBI Life /LIC/SBI Magnums, etc.
Upto 3 years
4.50% above Base Rate, currently 14.50% p.a.
More than 3 years and below 6 years
4.50% above Base Rate, currently 14.50% p.a.
Loan against Gold Ornaments
Upto Rs. 1,00,000/-
4.25% above Base Rate Floating, currently 14.25% p.a.
Above Rs. 1,00,000/-
4.75% above Base Rate Floating, currently 14.75% p.a.

Do not Copy/Paste on other website/blog/forum site,we may demand compensation from you.However ,You may Provide only link back to our site.
Service Tax Rate Chart Wef 01.06.2015 on all Services
SBI INTEREST RATE AS ON 01.04.2012 FOR PERQUISITES VALUATION Reviewed by RAJA BABU on 2/25/2013 Rating: 5 As per Income Tax rules if Interest free/concessional loan is provided by the employer to employee , it will be treated as perquisite to th...

No comments: