Company Overview Financial Statements Notice Statutory Reports 67 Rudolf Atul Chemicals Ltd | Annual Report 2022-23 Note 25.4 Current and deferred taxes The major components of income tax expense are: a) Income tax expenses recognised in the Statement of Profit and Loss (` lakhs) Particulars 2022-23 2021-22 i) Current tax Current tax on profit for the year 272.98 562.42 Adjustments for current tax of prior periods - (24.02) Total current tax expense 272.98 538.40 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 1.27 2.59 Decrease | (Increase) in deferred tax assets (1.57) (5.24) Total deferred tax expense | (benefit) (0.30) (2.65) Income tax expense 272.68 535.75 b) Income tax expenses recognised in the statement of other comprehensive income (` lakhs) Particulars 2022-23 2021-22 i) Current tax Remeasurement gain | (loss) on defined benefit plans 3.49 (2.22) Total current tax expense 3.49 (2.22) Income tax expense 3.49 (2.22) c) The reconciliation between the statutory income tax rate applicable to the Company and the effective income tax rate of the Company is as follows Particulars 2022-23 2021-22 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Expenses not deductible for tax purposes 13.16% 0.38% ii) Tax effect due to tax incentive (11.99%) - iii) Others (0.36%) (0.92%) Effective income tax rate 25.97% 24.63%
RkJQdWJsaXNoZXIy MjA2MDI2