Perquisites valuation for employer-provided education benefits turns on institution type, employee contribution, and exemption thresholds. Valuation of free or concessional educational facilities provided by an employer depends on the nature of the benefit. For outside institutions, the taxable value is the employer's actual expenditure less any amount recovered from the employee. For employer-owned or employment-linked institutions, a per-child exemption applies up to the prescribed monthly threshold, and the taxable value is the comparable cost of similar education in the locality less any amount paid by the employee. Any benefit above the threshold is taxable in full.