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Old 14-12-2006, 11:45 AM
tsmcharlesmba's Avatar
Join Date: May 2006
Location: India
Posts: 11
Default Difference between fringe benefits and perquisites

Hello Friends,

This forum has been much useful to me in knowing various HR Concepts without any ambiguity.I thank all the members for contributing your anwers. Can someone help me in knowing the "Difference between fringe benefits and perquisites"?

Regards
Charles.P
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Old 15-12-2006, 09:21 AM
vrajeev's Avatar
Join Date: Nov 2006
Location: kerala, INDIA
Posts: 248
Default Re: Difference between fringe benefits and perquisites

Hi Charles, "fringe benefits" means compensation due to an employee pursuant to a written contract or written policy for holidays, time off for sickness or injury, time off for personal reasons or vacation, bonuses, authorized expenses incurred during the course of employment, and contributions made on behalf of an employee. In simple terms, all the monetary and non-monetary benefits beyond salary.

Perquisites or 'perks' as they are popularly known is the monetary content of fringe benefits. Perks are taxable according to Indian tax laws.

best wishes
Rajeev.V
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Old 15-12-2006, 10:36 AM
K.P.MISRA's Avatar
Join Date: Sep 2006
Location: Chennai
Posts: 17
Default Re: Difference between fringe benefits and perquisites

Dear Charles,
Anything in addition to Guaranteed Cash Compensation is Fringe Benifit.
Basic Salry and Allowances constitute GCC. Conveyance, Retirals,Houshing,Loans,Credit Card, Telephone, Insurance Coverage,Club Membership etc. are all Fringe Benefits. FB and quantum of FB is not guaranteed.

Perquisites are those facilities which the position carries. For example- once you are promoted to the position of Sr.Manager, you will be eligible availing car under company's own your car scheme.

Hope, I am clear to u.

Regards,
K.P.Misra
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Old 06-12-2007, 02:10 PM
Radhika Suri's Avatar
Join Date: Sep 2007
Location: jaipur
Posts: 11
Default Re: Difference between fringe benefits and perquisites

perfect n crisp.. thanks
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Old 13-12-2007, 03:27 PM
pulsar180's Avatar
Join Date: Nov 2007
Location: Gurgaon
Posts: 248
Default Re: Difference between fringe benefits and perquisites

Hi Charles,

Fringe Benefits can be monetary and non-monetary. It can be given through or after the employment.

Main thing is that its all concern with employment only not with the performance.

Some fringe benefits are :

Disable benefits.
Housing Facilities
Canteen facilities
Conveyance facilities
Children facilities
Post retirement benefits etc.

Regards

Vikas

Perks are similar to perquisites

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