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Explained: Received an interest-free loan money from employer? Know what this special benefit means; when it is taxable

Explained: Received an interest-free loan money from employer? Know what this special benefit means; when it is taxable

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An interest-free or concessional loan from your employer can have tax implications. Understand how the taxable amount is calculated, when loans up to ₹20,000 are exempt, and which medical loans qualify for tax exemption under income tax rules.

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