Loan Emi

Can anybody help me in making an EMI Chart? I have a car loan from ICICI Bank of Rs. 5 Lac. Its tenure is 35 months, and the IRR is 8.78%. The EMI is Rs. 15,890 per month.Please help me in making the EMI chart. I have lost the EMI chart that I obtained from the ...

@vencwa:> Thank you, sir. The purpose is to peel off this component from taxable salary. Could the employer himself extend this loan to the employee, wherein the vehicle is hypothecated to the employer until completion of the loan amount and deduct the loan EMI ...

From 1-4-2008, if an employer provides a facility to his employee, the employer is not liable to pay fringe benefit tax. The value of such perquisite shall be as follows:a) Nil, if the motor car is used by the employee wholly and exclusively in the performance o...

Thank you, sir. The purpose is to peel off this component from taxable salary. Could the employer himself extend this loan to the employee, wherein the vehicle is hypothecated to the employer until completion of the loan amount, deduct the loan EMI from the mont...

Hi,You need to refer to the Income Tax Act for the same. Please refer to [Income Tax India](http://www.incometaxindia.gov.in/publications/9_Income_Tax_For_NRI/Chapter003.asp).The thumb rule in your case should be: If the car EMI is not part of the CTC, not for p...

No, it is not taxable at the hands of employees if the company is paying EMI and the same is deducted from Employees' CTC.Pon

If a car loan from the employer forms part of the flexi kitty, will it be taxable salary in the hands of the employee? Please guide me.Many thanks!Venkatesh N Manager - HR