Question

what is meant by perquisites and give five example of taxfree perquisites​

Answer 1

Answer:

Perquisites under Income Tax Act. Perquisites is defined as a benefit which one enjoys or is entitled to on account of one's job or position in the dictionary. ... Under section 17(2) of the Income Tax Act, perquisites include: Value of rent free accommodation provided to the assessee by his employer.