STANDALONE ACCOUNTS 329 (e) Deferred tax Assets / (Liabilities) (Net) The amount of the deferred tax assets and liabilities recognised in the Balance Sheet are as below Rupees crores Particulars Balance as at 01-04-2023 Recognised in Profit or Loss Recognised in OCI/ Reclassified from other comprehensive income Balance as at 31-3-2024 Deferred tax liabilities Property, plant and equipment and Intangible assets .......................... 1,926.95 (16.38) — 1,910.57 Others....................................................................................................................................... 111.18 76.93 — 188.11 (a) 2,038.13 60.55 — 2,098.68 Deferred tax assets Provision for employee benefits............................................................................ 274.38 20.73 (45.08) 250.03 Allowances for expected credit losses ............................................................ 81.71 1.20 — 82.91 Carried forward tax losses ....................................................................................... 90.35 (70.60) — 19.75 Others....................................................................................................................................... 121.40 68.07 1.46 190.93 (b) 567.84 19.40 (43.62) 543.62 Net deferred tax assets / (liabilities)(net) ...................................................... (b)-(a) (1,470.29) (41.15) (43.62) (1,555.06) Rupees crores Particulars Balance as at 01-04-2022 Recognised in Profit or Loss Recognised in OCI/ Reclassified from other comprehensive income Balance as at 31-3-2023 Deferred tax liabilities Property, plant and equipment and Intangible assets .......................... 2,109.49 (182.54) — 1,926.95 Others....................................................................................................................................... 73.62 37.56 — 111.18 (a) 2,183.11 (144.99) — 2,038.13 Deferred tax assets Provision for employee benefits............................................................................ 220.66 22.49 31.23 274.38 Allowances for credit losses ................................................................................... 86.00 (4.29) — 81.71 Carried forward tax losses ....................................................................................... 48.65 41.70 — 90.35 Others....................................................................................................................................... 65.64 59.48 (3.72) 121.40 (b) 420.95 119.38 27.51 567.84 Net deferred tax assets / (liabilities)(net) ...................................................... (b)-(a) (1,762.16) 264.37 27.51 (1,470.29) 23. Other Non Financial Liabilities Rupees crores Particulars Non-Current Current 2024 2023 2024 2023 Statutory dues (other than income taxes)........................................................................................ — — 3,076.03 2,740.65 Contract Liabilities............................................................................................................................................... 651.02 427.62 756.07 560.39 Others........................................................................................................................................................................... — — 320.54 277.17 Total ............................................................................................................................................................................ 651.02 427.62 4,152.64 3,578.21 Others mainly include salary deductions and TDS payable. There are no amounts due and outstanding to be credited to the Investor Education and Protection Fund. 22. Income Taxes (contd.)
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