Fringe benefits:

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These are monetary benefits provided to employees.

They include the benefit such as

(a) Provident Fund, (b) Gratuity, (c) Medical care, (d),Hospitalization payment (e) Accident relief, (f) Health and Group insurance (g) Subsidized Canteen facility, (h) Recreation facilities, and (i) Provision of uniforms to employees.

Perquisites:

There are special benefits offered to managers/ executives. The purpose is to retain competent executives by offering special benefits. Perquisites include the following: (a) Company car offering travelling (b) Club membership, (c) Paid holidays, (d) Furnished house/accommodation, (c) Stock option schemes, etc.

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