Tax-Free Loans from Employer: How the Rules Have Changed?
Your employer offers you a loan at 4% per annum. The bank would charge you 12%. Sounds like a great deal. But is the entire benefit tax-free? Not necessarily. The rules around this have changed significantly with the Income Tax Act, 2025, applicable from financial year 2026-27 (April 1, 2026 onwards). In this post, let… Continue Reading