Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A perquisite (perk) is a non-cash benefit provided by an employer to an employee, such as rent-free accommodation, a company car, or ESOPs, which may be taxable.
Extra benefits from your employer beyond salary — some are taxed as part of your income.
Valued as per Income Tax Rules (e.g. rent-free house valued at a percentage of salary) and added to salary income before computing tax.
A company car used partly for personal trips adds a notional perquisite value to the employee’s taxable salary.
Extra benefits from your employer beyond salary — some are taxed as part of your income.
Perquisite helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.