Loan given by employer to employee at the concession rate or without rate of interest
- If loan is taken by employee then the taxable amount is
= Loan amount x (SBI rate of interest – Actual rate of interest) - If loan given by the employer up to 20000 to employee then the interest is benefit is not taxable
- If loan amount is given for specified disease then interest benefit is not taxable for even the loan amount is more than Rs 20,000
Gift
- If gift is received in cash then it is fully taxable.
- If gift received in kind then
>>>> If Fair Market Value of gift is less than Rs 5,000 then it is fully exempt .
>>>> If Fair market Value of gift is Rs 5,000 or more then it is fully taxable.
Employee Stock Option Scheme (ESOP)
If company offers shares to employee at concessional rates then
Taxable amount = FMV of shares – issue price
Fair Market Value should be taken on the date on which option is exercised by employee.
Use Of Movable Of Asset
- For use of computer and laptop is fully taxable
- For other assets
| Particulars | Taxable Amount |
| Asset Owned by Employer | 10% Of Cost |
| If Asset is Hired by Employer | Hire charges paid by Employer |
Transfer Of Movable Assets
| Particulars | Taxable Amount | Depreciation |
| Computer/Laptop | (Written Down Value – Consideration) | 50% On WDV Method |
| Car | (Written Down Value – Consideration) | 20% On WDV Method |
| Any Other Asset | (Written Down Value – Consideration) | 10% On WDV Method |
