| 168 Annual Report | 2023-2024 Financials (ii) Amount recognised in the statement of profit and loss is as under: Particulars Year ended 31 March 2024 Year ended 31 March 2023 Current service cost 239.97 192.04 Past service cost - - Net interest on net defined benefit liability/ (asset) 57.11 52.63 Immediate recognition of (gains)/ losses Actuarial (gain)/ loss due to DBO experience 84.87 24.12 Actuarial (gain)/ loss due to DBO assumption change 20.16 (16.18) Payment made during the year (223.96) (160.05) Net impact on profit (before tax) 178.15 92.56 Note 37: Employee benefits (Cont'd) C) Compensated absences (Cont'd) Note 38: Tax expense (a) Income tax recognised in the Statement of Profit and Loss: Year ended 31 March 2024 Year ended 31 March 2023 Current tax 3,412.65 1.96 Deferred tax expense 6,381.98 2,014.95 Tax expense/ (credit) for earlier year 66.50 (93.18) Total tax expenses 9,861.13 1,923.73 (b) Reconciliation of income tax expense and the accounting profit for the year: Year ended 31 March 2024 Year ended 31 March 2023 Profit before tax 41,243.30 8,995.36 Enacted tax rates (%) 25.17% 25.17% Income tax expense calculated at corporate tax rate 10,380.11 2,263.95 Reconciliation items Impact of tax relating to earlier years 66.50 (93.18) Impact due to different tax rate 0.91 (0.49) Tax impact of expenses not deductible 1.17 8.97 Impact on account of deductions claimed under Income Tax Act (790.03) (118.91) Others 202.47 (136.61) Total tax expenses 9,861.13 1,923.73 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
RkJQdWJsaXNoZXIy NTE5NzY=