Health Insurance
Allowance vs Perquisites: Key Differences Explained
Allowances are regular monetary benefits covering work expenses (HRA, travel allowance), while perquisites can be monetary or non-monetary benefits enhancing lifestyle (company car, meals). They differ in nature (cash vs. varied forms), frequency (regular vs. as needed), purpose (expense coverage vs. lifestyle enhancement), and taxability (partial exemptions vs. mostly taxable).
23 Apr 2025
Allowances are regular monetary benefits covering work expenses (HRA, travel allowance), while perquisites can be monetary or non-monetary benefits enhancing lifestyle (company car, meals). They differ in nature (cash vs. varied forms), frequency (regular vs. as needed), purpose (expense coverage vs. lifestyle enhancement), and taxability (partial exemptions vs. mostly taxable).
23 Apr 2025