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Jun 6, 2024 · When your employer provides extra benefits and other advantages along with your basic salary or wage, they are referred to as perquisites in income tax. However, perquisite do not include the reimbursements offered by your employer. It is a portion of your pay structure and the CTC (total cost to the company).
The meaning of PERQUISITE is a privilege, gain, or profit incidental to regular salary or wages; especially : one expected or promised. How to use perquisite in a sentence. Did you know?
noun [ C ] uk / ˈpɜːkwɪzɪt / us. Add to word list. HR. formal perk noun : The perquisites of this job include health insurance and a performance bonus. (Definition of perquisite from the Cambridge Business English Dictionary © Cambridge University Press) Examples of perquisite. perquisite.
noun [ C ] uk / ˈpɜːkwɪzɪt / us. Add to word list. HR. formal perk noun : The perquisites of this job include health insurance and a performance bonus. (Definition of perquisite from the Cambridge Business English Dictionary © Cambridge University Press) Examples of perquisite. perquisite. But there were crucial perquisites for this synergy.
Perquisite definition: an incidental payment, benefit, privilege, or advantage over and above regular income, salary, or wages. See examples of PERQUISITE used in a sentence.
noun. 1. an incidental benefit gained from a certain type of employment, such as the use of a company car. 2. a customary benefit received in addition to a regular income. 3. a customary tip. 4. something expected or regarded as an exclusive right. Often (informal) shortened to: perk. Collins English Dictionary.
Definitions of perquisite. noun. an incidental benefit awarded for certain types of employment (especially if it is regarded as a right) synonyms: fringe benefit, perk. see more. noun. a right reserved exclusively by a particular person or group (especially a hereditary or official right) synonyms: exclusive right, prerogative, privilege. see more.
perquisite. noun. These are words and phrases related to perquisite. Click on any word or phrase to go to its thesaurus page. The perquisites of the job included a house and car. Synonyms. benefit. emolument. privilege. advantage. right. due. fringe benefit. perk. Slang. gift. Slang. present. Slang. reward. Slang. inducement. Slang. recompense.
perquisite (of somebody) something to which somebody has a special right because of their social position. Politics used to be the perquisite of the property-owning classes.
per•qui•site (pûr′ kwə zit), n. an incidental payment, benefit, privilege, or advantage over and above regular income, salary, or wages: Among the president's perquisites were free use of a company car and paid membership in a country club. a gratuity or tip.
