What is the difference between advance and loan given by employer to employee?
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A loan on the other hand is providing aloan at a concessional interest rate as opposed to market rate of interest. ... However, the difference betweenmarket rate (as charged by SBI) and the rate provided by the company loans is a Taxable perquisite in thehands of the employee
A loan on the other hand is providing aloan at a concessional interest rate as opposed to market rate of interest. ... However, the difference betweenmarket rate (as charged by SBI) and the rate provided by the company loans is a Taxable perquisite in thehands of the employee
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