Dear Praneeth,
Difference value of 67.71/- is the taxable interest which is consider as the taxable loan perquisite ,will go to Annual perk value /127 . and shown in the Form 16.
As you said,the WT /LID (i.e 218.75/-) is to deduct the interest due from employees salary.....
The debit interest rate of 10.5% i.e 218.75 is the interest due to be recovered from emp for the loan availed..
Error is still there praneeth...
I guess I am not confused. Please correct me if I am wrong....
Thanks