08 December 2009
the main difference between the allowances and preks is that the allowances are received by employees in hands and they are spent, whereas in the perks money is not received, it is only advantage which is received
09 December 2009
Perks are special benefits that are provided to staff who perform a particular job or belongs to a particular group. For example Company Car, Residential Quarter, Private medical Insurance etc. The perks are not form the part of Salary slip/muster roll record.
An allowance is monetary consideration given to someone, usually on regular basis in order to help them to meet out their personal expenses. It is assumed that a particular employee incures his substaintial fund and an assistance will provide a cushion. Examples are Child education allowance, City compensatory allowance, House Rent Allowance, Transport Allowance, Special Allowance etc.
Hope, I would be able to solve your query. Please confirm.
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