Dictionary Meaning and Definition on 'Perquisites'
Wikipedia Meaning and Definition on 'Perquisites'
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, perqs or perks) are various non-wage compensations provided to employees in addition to their normal wages or salaries. Where an employee exchanges (cash) wages for some other form of benefit, this is generally referred to as a 'salary sacrifice' arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree.
Some of these benefits are: housing (employer-provided or employer-paid), group insurance (health, dental, life etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid and non-paid), social security, profit sharing, funding of education, and other specialized benefits.[See more about Perquisites at Dictionary 3.0 Encyclopedia]
Words and phrases related to 'Perquisites'
Perquisites Sample Sentences in News
- TCS CEO Chandrasekaran earned Rs 18.68 crore in FY14
According to the software services firm, Chandrasekaran earned a commission of Rs 15 crore, benefits, perquisites & allowances of Rs 2.38 crore and a salary of Rs 1.3 crore for the year ended March 31, 2014. Read more on this news related to 'Perquisites'
- Naveen Jindal's Pay Falls By One-Third
The JSPL chairman had in the previous fiscal taken Rs 54.98 crore as remuneration that included Rs 12.10 crore salary, Rs 0.4 crore perquisites and Rs 42.88 crore as share in the company's profit. Read more on this news related to 'Perquisites'