A statement of benefits or bonuses that the employer will give the worker is called Form 12BA. In place of salary income, it provides a thorough breakdown of perks, bonuses, profiles, etc.
What do prerequisites mean?
Perquisites, often known as benefits, are compensation that an employer gives an employee in exchange for their services. These advantages are further divided into two categories:
- Monetary advantages are those that are offered exclusively in cash. It covers vacation and travel costs.
- Non-monetary benefits: These consist of free meals, a car, gift cards, and rent-free housing.
