perquisites


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Perquisites

Fringe benefits or other incidental profits or benefits accompanying an office or position.

The abbreviation perks is used in reference to extraordinary benefits afforded to business executives, such as country club memberships or the free use of automobiles.

See: bonus, paraphernalia, revenue

perquisites

see BENEFIT IN KIND, EMOLUMENT.

PERQUISITES. In its most extensive sense, perquisites signifies anything gotten by industry, or purchased with money, different from that which descends from a father or ancestor. Bract. lib. 2, c. 30, n. 8; et lib. 4, c. 22. In a more limited sense it means something gained by a place or office beyond the regular salary or fee.

References in periodicals archive ?
Further the tax exemption has been allowed under clause 51 on perquisite represented by the right of the President of Pakistan, the Provincial Governors and the Chiefs of Staff, Pakistan Armed Forces to occupy free of rent as a place of residence any premises provided by the Government.
The sources said perquisites of the president, provincial governors and federal ministers will be withdrawn.
Similarly, Shikha Sharma, MD and CEO of Axis Bank, took home a basic salary of Rs 2.7 crore, and Rs 1.35 crore as variable pay apart from other perquisites.
Transportation benefits are the most common perquisites provided to U.S.
Generally, fixed components include; salary, perquisites, allowances, and retirement benefits.
Ramin Mojdeh, president and chief operating officer, John Ryan, general counsel and secretary, and Dennis Pyers, chief accounting officer and treasurer, have agreed to a 50% reduction in their base salaries and the elimination of perquisites, through 31 December 2015.
* Cost Allocation and Perquisite Consumption It is also suggested that cost allocation induce subordinate managers to reduce their consumption of perquisites.
"Freedom of expression is one of the perquisites for a country to develop.
It has also been held that amounts paid on behalf of employees to pension and social security funds or for medical benefits are not perquisites under section 17(1)(b).
Salary for those on-site began at BD400 and with all perquisites would come up to BD570, company officials added.
Salary for those on-site began at BD400 ($1,063.83) and with all perquisites would come up to BD570, company officials added.
Perquisites provided by the employer such as a house with zero or concessional rent, vehicle, insurance, medical and club facilities are also part of the total compensation.