Interest Rates dated 01.04.2009 of State Bank of India Required for Perquisites

Friday, December 25, 2009 | comments

Friends,

Happy Christmas to All

Meaning of Perquisites = Benefit of Employees

To know the value/amount of perquisites as per new rules, there is major requirement of Interest Rates of State Bank of India as on 01.04.2009 (1st April, 2009),as mentioned in Notification. The Loan types are given as under :-
  • House Loan
  • Car Loan
  • Two Wheeler Loan
  • Personal Loan
  • Loan ESOP

Interest Rates of SBI (State Bank of India) as on 01.04.2009 is given as under:-
Rates charged by SBI as on 01.04.2009

Interest Rates of State Bank of India as on 01.04.2009
Type of Loan
Period
Amount
House Loan
up to 30 Lakh
30-75 lakhs
above 75 lakhs
up to 5 years
9.75
10.25
10.25
5-to10 years
10.00
10.50
10.50
>10- upto 15 years
10.00
10.50
10.50
>15- up to 20 years
10.25
10.75
11.00
>20-upto 25 years
11.00
11.00
11.00
Car Loan
up to 7.5 lakh
>=7.5 lakh
up to 3 years
11.75
11.50
>3-up to 5 years
11.75
11.75
>5 upto 7 years
12.00
12.00
Two wheeler
any amount
16.25
Education loan
upto 4 lakh
4 lakh to 7.5
above 7.5 lakh
Girl student
11.25
12.75
12.00
Boy student
11.75
13.25
12.50
Personal Loan
any amount
16.50
Loan Esop
14.50



New Notification issued by Income Tax Department regarding Perquisites
Click Here to read the Notification



Income Tax Calculator on-line (Click Here)
Present Bank Interest Rates of All Indian Banks for Loans/Deposits (Click Here)
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