What does staff welfare expenses include?Is it applicable for a practising professiona? if yes wht is the maximum limit permissible under the IT Act for claiming staff welfare expenses
Pls Help,
Smita
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Staff wefare expenses
Replies (3)
Any expenditure incured for an organisation's staff is staff welfare. It has not been defined anywhere. Tea, tiffin, Biscuits, 1st aid medicines etc. are all staff welfare expnese.
As such there are no limits defined by the IT Act.
Yes professionals can claim Staff welfare expense. the only criteria is to have income from PGBP
There isn't any limit for staff welfare expenses.
The amount spend towards the daily needs of the staff for comfortable working in the office can be classified as staff welfare expenses.
Ex: Lunch Expenses, Snacks, Tea and Coffee etc.
The only notes point is that the staff expanes incurried exculsivel for business or professional.
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