Ms. Janhvi is provided with an interest loan by her employer for the purchase of a house. The value of the perquisite shall be:

Question:Ms. Janhvi is provided with an interest loan by her employer for the purchase of a house. The value of the perquisite shall be:

1. Simple interest computed at the rate charged by the Central Government to its employees on 1st April of the previous year

2.Simple interest computed at the rate charged by State Bank of India on 1st April of the previous year

3.Simple interest computed at the rate charged by National Housing Bank on 1st April of the previous year

4.Simple interest computed at the rate determined by the employer on 1 st April of the previous year

Answer:2