Yes, friends, how are you all?
Good? Friends, we were discussing about salary head.
In salary head, on the very first day,
I had told you to first check whether an employer can give
this to his employee.
In every case, the answer will be a guess.
Why it happened, we discussed it then.
Can give anything.
There is a private contract between two parties.
There is no regulation on it.
Can an employer give land to his employee?
Yes, he can.
We just have to see here what will be taxable and what will
be exempt.
We had discussed about allowances.
Transport allowance, convenience allowance, we had
discussed all these.
In this, a very important topic which I have to pick up
next is
Perquisites.
Perquisites are perks.
What are these, friends?
Perquisites or perks means benefits.
In Hindi language, what are the benefits you get by staying
in that job.
What were allowances, sir?
Sir, we had studied allowances also.
Those were also benefits.
Those were benefits which you get on cash.
You used to get transport allowance on cash.
You used to get other allowances also on cash.
Remember the allowance of children's education.
We used to earn Rs.6000 per day.
We gave allowance of Rs.100 per day.
We gave allowance of two children.
You used to get all that on cash.
But these perquisites are not available in money.
These are your facilities.
For example, you get a car with a driver.
Because you are in that job.
The company gives you a house.
The employer gives you a house.
Rent-free accommodation is given to you.
There are many other facilities.
You get travelling facilities.
If you go from Hawaii, they will give you a concession in
your ticket.
These are some facilities which you don't get on cash.
But you get benefits by staying in that job.
We call those perquisites.
I have a question for you.
Think and tell me.
Can an employer give perquisites to his employee?
The answer is yes.
He can.
We just have to see what is taxable and what is exempt.
We will discuss this in the next lectures.
We will discuss perquisites.
You get medical benefits.
How to evaluate them?
You get free treatment.
How to evaluate them?
You get a house.
How to evaluate it?
We will discuss this in the next lectures.
Thank you very much.