Perks are special benefits that are provided to staff who perform a particular job or belongs to a particular group. For example Company Car, Residential Quarter, Private medical Insurance etc. The perks are not form the part of Salary slip/muster roll record.
An allowance is monetary consideration given to someone, usually on regular basis in order to help them to meet out their personal expenses. It is assumed that a particular employee incures his substaintial fund and an assistance will provide a cushion. Examples are Child education allowance, City compensatory allowance, House Rent Allowance, Transport Allowance, Special Allowance etc.
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