View example sentences, synonyms and word forms for Perquisite.
Perquisite meaning
Any monetary or other incidental benefit beyond salary. | A gratuity. | A privilege or possession held or claimed exclusively by a certain person, group or class.
Synonyms of Perquisite
Example sentences (4)
As per Section 17(2)(iv), any sum paid by the employer in respect of any obligation which otherwise would have been payable by the taxpayer, should be considered as a perquisite in the hands of the taxpayer.
In case an employee gets a car from the employer and it is exclusively used for the purpose of employment, irrespective of whether the car is owned by the company or leased/rented, or owned by the employee, there is no perquisite chargeable to tax.
As the main result, a progressive political system providing democracy is the main perquisite required to achieve strong and prosperous industries, high-standard universities and consequently progressive culture within the society as a whole!
When tax is borne by the employer on behalf of the employee, it is considered a perquisite as defined in Section 17(2 (iv).