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, 2021 Charged | (Credited) to profit or loss As at March 31, 2020 Charged | (Credited) to profit or loss As at March 31, 2019 Property, plant and equipment 19.43 3.05 16.38 (1.25) 17.63 Total deferred tax liabilities 19.43 3.05 16.38 (1.25) 17.63 Provision for doubtful debts 7.05 - 7.05 7.05 - Expenses disallowed under Section 40 (a) of the Income Tax Act, 1961 1.42 (2.92) 4.34 (4.21) 8.55 Provision for custom duty 1.67 1.67 - - - Finance lease transaction 5.63 0.55 5.08 (0.29) 5.37 Compensated absences 9.33 2.71 6.62 0.61 6.01 Provision for provident fund 1.20 (0.43) 1.63 1.63 - Provision for inventory 8.82 (0.13) 8.95 8.95 - Total deferred tax assets 35.12 1.45 33.67 13.74 19.93 Net deferred tax (assets) | liabilities (15.69) 1.60 (17.29) (14.99) (2.30) Note 25.5 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 the last drawn salary of 15 days 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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