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fringe benefit
(redirected from perquisite)

    Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

fringe benefit

Perk given to employees in addition to their wage or salary. Fringe benefits include company cars, health insurance, pensions, subsidized lunches, favourable loan facilities, or other kinds of rewards. Fringe benefits are usually taxable on the value of the benefit. However, companies may often try to keep ahead of the revenue authorities by devising innovative benefits not covered by existing tax legislation.



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