Basic difference between fringe benefits and perquisites
This query is : Resolved
02 August 2015
what is the difference between fringe benefits and perquisites?
pls help.
Arpit Shah
(Expert)
03 August 2015
A fringe benefit is a form of pay for the performance of services. For example, you provide an employee with a fringe benefit when you allow the employee to use a business vehicle to commute to and from work. Performance of services. A person who performs services for you does not have to be your employee.
Arpit Shah
(Expert)
03 August 2015
“Perquisite” may be defined as any casual emolument or benefit attached to an office or position in addition to salary or wages. In essence, these are usually non-cash benefits given by an employer to employees in addition to cash salary or wages
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