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I have 8 million at 9% per annum payable over next five years . The tax...

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Finance

I have 8 million at 9% per annum payable over next five years .The tax rate is 28%. How do I determine the value of the taxshield?

I am doing corporate finance/Finance for decision makers

Answer & Explanation Solved by verified expert
4.0 Ratings (623 Votes)
Tax Shield is calculated for the expenses that are eligible for deduction from the income for Income tax purpose and one can save tax on the expense thus deducted Eg of expenses eligible for    See Answer
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