Perquisites are Benefits given by Employer to Employee
These perquisites are of 2 types
(These are in form of Reimbursements,employee first incurs the expenses and then claim it from Company(
2.Non Monetary Perqisites
(These are facilty or benefit given by company to employee)
Important Points while Calculating TDS
- For Allowances,we used to put Amt Received,Exempt ,Taxable.But for Perquisites,we just put Amt Received and taxable (Exempt not to be put)
- Also for Non Monetary Perquisites,Amount received will be 0 as we have not received any amount.