“Perquisite” is the casual emolument or benefit provided to the employee in addition to salary or wages.“Perquisite” is defined in section 17(2) of the Income Tax Act as including:

(i) House without Rent or at concessional rent.

(ii) Interest-Free Loan

(iii) Facility of sweeper, gardener, personal attendant

(iv) Car or other Automative Conveyance

(v) Amount paid by the employer in respect of an obligation which was actually payable by the assessee.

(vi) Value of any benefit/amenity granted free or at concessional rate to specified employees etc.

(vii) The value of any specified security or sweat equity shares allotted or transferred, directly or indirectly, by the employer, or former employer, free of cost or at concessional rate to the assessee.

(viii) The amount of any contribution to an approved superannuation fund by the employer in respect of the assessee, to the extent it exceeds one lakh Fifty Thousand rupees; and

(ix) the value of any other fringe benefit or amenity as may be prescribed.