Employee incentives given in cash or kind should generally be accounted under the Salary head. Only common staff welfare expenses not linked to specific employees may be shown under Employee Welfare Expenses.
Incentives given to employee in cash or in kind should be included in which Account head, should it be included in salary of employee or should it be included in separate head i.e., Incentives to employees.
29 March 2022
Ye sindividual incentives given to employees to be grouped under Salary . If any other expenses have been done which cannot be individually linked to an employee then that can be grouped under employee welfare expenses.