Employee benefit Expenses do not include:
- ASalary and wages in Kind
- BLeave encashment
- CInterest paid on Deposit
- DStaff welfare expenses
Solution & Step-by-step Explanation
Under Schedule III of the Companies Act, 2013, Employee Benefit Expenses consist of expenditures incurred explicitly on personnel or staff members (e.g., salaries, wages, staff welfare, leave encashment).Interest paid on deposits is categorized as a borrowing cost and is presented under Finance Costs, not employee benefits.