70 Particulars 2024-25 2023-24 ii) Deferred tax (Decrease) | Increase in deferred tax liabilities 1.15 (0.24) Decrease | (Increase) in deferred tax assets 0.73 5.26 Total deferred tax expense | (benefit) 1.88 5.02 Income tax expense 917.49 857.11 b) Income tax expenses recognised in the statement of other comprehensive income (` lakh) Particulars 2024-25 2023-24 i) Current tax Remeasurement gain | (loss) on defined benefit plans (1.03) 1.83 Total current tax expense (1.03) 1.83 Income tax expense (1.03) 1.83 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 (` lakh) Particulars 2024-25 2023-24 a) Statutory income tax rate 25.17% 25.17% b) Differences due to: i) Non-deductible expenses 0.33% 0.48% ii) Tax effect due to tax incentive - - iii) Others 0.29% 5.19% Effective income tax rate 25.79% 30.84% d) Current tax assets (` lakh) Particulars 2024-25 2023-24 Opening balance 16.93 37.24 Add: Taxes paid 925.47 831.78 Less: Current tax payable for the year (915.61) (852.09) Closing balance 26.79 16.93
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