perquisite


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perquisite

an incidental benefit gained from a certain type of employment, such as the use of a company car
References in classic literature ?
It was enough to drive Rabourdin out of the service; but how could he give up his salary of eight thousand francs and perquisites, when they constituted three fourths of his income and his household was accustomed to spend them?
Therefore, the perquisite pertaining to the stock option would be taxable in India on proportionate basis.
this Sacramento-based newspaper publisher said recently that company car and club membership perquisites for executives would end in 2007.
The CBDT notification states that the value of the perquisite will be 15 per cent of the salary in cities having a population exceeding 25 lakh and 10 per cent in those with a population between 10 to 25 lakh.
Apart from my salary and perquisites, they will pay for the corporate membership of a golf club, which I will be able to use.
Hence, you will have to pay tax at the rate of thirty per cent on taxable income over Rs1 million on the aggregate of the salary, the taxable allowances, if any, and the perquisite value for the residential accommodation and the furniture provided as mentioned above.
1 percent of Fortune 100 companies disclosed that they will eliminate some executive perquisites in 2006 or by the start of 2007;
The salary for this purpose of calculating the 15 per cent perquisite value would include the pay, allowances, bonus or commission, as well as any other monetary payment.
Whether readers are looking for commentary on the new Compensation Discussion and Analysis section, or details on the new perquisite disclosures, the Guide will help them get answers fast," said Compliance Week Managing Editor Matt Kelly.
Olympic champion and model Lisa Leslie, soon to be a player for the WNBA's Los Angeles Sparks, told Seventeen magazine that her favorite perquisite is getting to have a floor seat to watch her male counterparts in the NBA.
The increase in perquisite values is a preview of the changed look we can expect of executive compensation under the new SEC rules," Koors concluded.
It would be a pity if democracy has become the perquisite of the privileged.