what is perquisites in income tax term .
plz explain with the example
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income tax
Replies (3)
perquisites are just form of facilities employees get
Perquisites are the facilities given by employer to an employee either free of cost or at low cost.
Example: Car given by employer for traveling purpose, Rent-free house accommodation or house accommodation provided at concessional rent.
yeah @ sarath has completely quoted right ,
but mind the difference between allowance
but mind the difference between allowance
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