64 g) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): Particulars As at March 31, 2020 Charged | (Credited) to profit or loss As at March 31, 2019 Charged | (Credited) to profit or loss As at March 31, 2018 Property, plant and equipment 16.38 (1.25) 17.63 4.51 13.12 Total deferred tax liabilities 16.38 (1.25) 17.63 4.51 13.12 Provision for doubtful debts 7.05 7.05 - - - Expenses disallowed under Section 40 (a) of the Income Tax Act, 1961 4.35 (4.20) 8.56 7.40 1.16 Finance lease transaction 5.08 (0.29) 5.36 0.73 4.63 Compensated absences 6.62 0.61 6.01 1.12 4.90 Provision for provident fund 1.63 1.63 - - - Provision for inventory 8.94 8.94 - - - Total deferred tax assets 33.67 13.74 19.93 9.25 10.69 Net deferred tax (assets) | liabilities (17.29) (14.99) (2.30) (4.74) 2.43 Note 26.5 Employee benefit obligations Funded schemes a) Defined benefit plan Gratuity The Company operates a gratuity plan through the ‘Rudolf Atul Chemicals Ltd Employees Group Gratuity Assurance Scheme’. Every employee is entitled to a benefit equivalent to 15 days salary last drawn for each completed year of service subject to maximum of ` 20 lakhs in line with the Payment of Gratuity Act, 1972 or the Company scheme, whichever is beneficial. Gratuity is payable at the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service.
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