Salaries and wages are shown in the Statement of Profit and Loss under the head :

Employee Benefit Expenses

The correct answer is Option 4- Employee Benefit Expenses.

Employee benefit expenses encompass various costs related to the compensation and well-being of employees, including salaries, wages, and additional benefits. This category includes direct monetary compensation like salaries and wages, as well as indirect benefits such as healthcare, retirement contributions, and leave encashment. These expenses are crucial for attracting and retaining skilled employees and are reported in the company's income statement as a part of the overall operating expenses.