Perquisites are non-monetary benefits provided by an employer to an employee in the form of any casual emolument, facilities or profit attached to an office or position.
- Rent-free accommodation
- Car Facility
- Education facility
- Interest-free or concessional loans
- Free or concessional travel
- Gifts, Vouchers
- Credit card expenses
- Club expenses
- Stock options (non-qualified options) etc
Where do I find bifurcation of perquisites?
Bifurcation of perquisites is found in Form 12BA. Refer to the below image: