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allowance & perquisties.

This query is : Resolved 
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(Querist)
13 March 2010 Explain to me:
1. allowance
2. perquisties

sugust to me.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 March 2010 Allowance: - Fixed Monetary amount Paid by the Employer to the Employee

To Meet Expenses of :

a)Personal Nature;

b)In Connection with Performance of duties.

Perquisites:Gain or Profit incidentally made from employment ;in addition to regular salary or Wages

May be monetary or non monetary
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