Loan to Staff

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Loan to Staff

LapTop
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#4

05-15-2009, 03:28 AM

Hi, Sallam,
Schuaed is right, Current Bench mark Rate is 11%,
If employee taken loan 100000 without Interest, then employer shell add 11% of loan amount (11000) into employees Taxable Income for the year.
If employee taken loan 100000 with 6% Interest , then employer shell add 11%-6% of loan amount (5000) into employees Taxable Income for the year.

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Loan to Staff - by Trent Reznor - 04-24-2009, 05:09 PM

[No subject] - by Star - 04-27-2009, 03:06 PM

[No subject] - by Schuaeb - 05-04-2009, 12:14 AM

[No subject] - by LapTop - 05-15-2009, 03:28 AM