Benefits provided by an employer in addition to salary, such as rent-free accommodation, are called:
Agratuity
Ballowances
Cperquisites
Dcommission
Answer & Solution
Correct answer: C. perquisites
Perquisites are benefits in addition to salary (e.g. rent-free accommodation).
Related questions
Provident fund is discussed in the salaries chapter because it isLeave encashment received by an employee is charged underGratuity received by an employee is dealt with under which head of income?In the salary computation, transport allowance appears asThe leave travel concession exemption is available toDeduction for entertainment allowance and professional tax is allowableUnder the default tax regime, house rent allowance isFor a payment to be taxed under the head Salaries, there must be