Basic difference between fringe benefits and perquisites

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shweta

shweta (Querist)
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02 August 2015 what is the difference between fringe benefits and perquisites? pls help.

Arpit Shah

Arpit Shah (Expert)
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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

Arpit Shah (Expert)
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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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