Income Tax Gazetted Officers Association Tuesday
19th March, 2024
07:31:41 PM
West Bengal Unit
 
   
 
 
You are visitor No.
 
IRS OFFICERS ONLINE
SUPREME COURT
CALCUTTA HIGH COURT
 
 
Co-Operative Society
 
THE BENGAL INCOME TAX CO-OPERATIVE SOCIETY LTD
3, Govt. Place West, 1st. Floor, Phone – (033) 2231 8855,
Kolkata – 700 001
 
 
 

Description of Loan (as revised vide Circular dated 01.07.2023):

 

Category of Loan

Eligibility 

Maximum Amount

(whichever is less)

Rate of Interest

(Day wise)

Maximum Installments

Category – A

More than 8 Years of Service AND 5 Years of membership

Rs. 7,00,000 or 12 times of Basic Pay

8% p.a.

96

More than 5 Years of Service AND 3 Years of membership

Rs. 6,00,000 or 12 times of Basic Pay

8% p.a.

84

More than 5 Years of Service AND 1 month of membership

Rs. 4,50,000 or 10 times of Basic Pay

8% p.a..

72

More than 4 Years of Service AND 1 month of membership

Rs. 3,50,000 or 10 times of Basic Pay

8% p.a.

60

More than 3 Years of Service AND 1 month of membership

Rs. 2.00,000 or 10 times of Basic Pay

8% p.a.

48

Category – B

Permanent;> 4 Yrs of Service AND 1 month of membership

Rs. 3,00,000

10% p.a

50

3 Years of Service AND 1 month of membership

Rs. 1,00,000 or 5 times of Basic Pay

10% p.a.

30

Medical Assistance Loan

5 Years of Continuous Service & 3 Years of membership 

Rs. 1,50,000 (Specified diseases)

4% p.a.

40

 Rs. 75,000 (accident related treatments) 

4% p.a.

30

Maximum indebtedness at any point of time: Rs. 10,00,000 [Cat. A , Cat. B + Cat. C]

Share to be deducted @ 10% on each category of Loan

 
More Details
 
 
 
 
 
 
 
 

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