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perquisites of the president, provincial governors and federal ministers will be withdrawn.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.
