What is meant by Prequisites?
Benefits that may be converted into money that an employee receives from his employer or other parties in exchange for having or exercising employment.
Perquisites have monetary value, meaning benefits that can be sold, transferred, or converted into cash.The examples are :
Some other benefits that are not considered prequisites are known as Non-Prequisites. These are benefits that are only subject to personal reasons and not related to work and tax.The examples are :
Prequisites vs Benefit In Kind