Income Tax -Perks Exemption.

Hi Friends,

Is there any Standar configuration available with regd to Perks Calcualtion. Ou requirement is that during end of the financial year if an employee is having a outstanding loan of more than Rs.20000/- it should be taxed as per the Interest charged by State Bank of India.

I.e 20000* Interest rate charged by SBI.

Or I think there is a USER EXIT available. Experts plz share your experience.

Rgds,

Sekar.