what is the difference between a perk and fb?

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Guest

Guest (Querist)

23 October 2009 sir,
we were informed that the fringe benefits were abolished. but i am getting confused with a perquisite and fringe benefit. i wud b grateful if u will resolve this query.
thanks.

HARI K V

HARI K V (Expert)
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23 October 2009 aarthi

the ques u raised is not of tax... its pure English.
In simple terms, Fringe Benifit is something which one gives to another. Eg: Company gives benifits to its employees which is called fringe benifits.

Perks are something tat arise to an individual. Eg: a company doesnt give its employees perks, it gives oly benifits, which in turn are enjoyed by the employees as perquisities.

I hope u r clarified. if not, i ll cite further some more examples

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