HR Glossary
Perquisites
Non-cash benefits provided to an employee in addition to salary, such as a company car or housing.
Definition
Perquisites (perks) are benefits-in-kind provided by an employer beyond cash salary — such as a company vehicle, accommodation, or club memberships — which may carry their own tax treatment.
Why It Matters
Perquisites often have specific tax valuation rules that payroll systems need to apply correctly.