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
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.




. SECURITIES,4,(MNP),2,(TDS)2007-08,1,`,1,01.07.12,23,01.09.2008,1,01.10.2012,2,06.07.2009,3,07.08.2012,1,1 PERCENT EXCISE ITEMS LIST,2,1 sep,1,1% excise,2,10 year nsc,6,10(10C),1,1000 court cases judgements supplied to ITO,6,1000 rupee note,3,11-2008,1,11-2010,1,130 items,1,14.08.2008,1,15 august,2,150 Rs coin,2,15g,9,15h,10,18-12-2009,1,192(1A),5,192A,2,194 I,3,194A,4,194c from 01.10.2009,7,194H,5,194j,12,194LC,3,1981-2007,2,2% cst,1,2% excise,1,2004,1,2008,1,2008-09 FY,1,2010,2,206AA,12,234A 234B 234C,9,234c interest calculator,10,234E,14,23AC,1,23ACA,1,23B,2,24C,3,24q annexure II,4,25 paisa coin,1,271(1)(c),1,271B,2,271H,3,272B,1,27A,1,280,5,280 challan,4,281,4,282,2,283,2,29 AUGUST,2,29.04.2010.,1,29/08/2008,2,29/2008 service tax,2,2g meaning use,1,3 idiots,1,30 MARCH,4,31st March,13,32-2010,1,33 of 2009,1,35(2AA),1,35(2AB),1,3CD,15,3g meaning use,1,40(b),2,43B,4,44 AB EXEMPTED INCOME,1,44AA,1,44AB AGRICULTURE,2,44AB new limit,26,44AB NON RESIDENT,3,44ad,13,46/2012 45/2012,1,49C,1,5 day week,1,5 years post office deposit,5,5/2011,1,50 paisa coin,2,54b,19,54EC,22,54ee,1,54f,20,54gb,1,5th paycommission punjab,1,6 % e