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To determine the value of the perquisite arising from such free or concessional loan, the Rate of Interest charged by the SBI, as on the first day of the relevant financial year, in respect of the similar loan is considered. The State Bank of India has released the Rate of Interest as on 01-04-2020 which is discussed in this article.To determine the value of the perquisite arising from such free or concessional loan, the Rate of Interest charged by the SBI, as on the first day of the relevant financial year, in respect of the similar loan is considered. The State Bank of India has released the Rate of Interest as on 01-04-2020 which is discussed in this article.taxmann.com NewsRead More