Integrated Annual Report 2024-25 310 (b) Income tax recognised in Other Comprehensive Income Rupees crores Particulars 2025 2024 Deferred tax related to items recognised in other comprehensive income during the year: Effective portion of gains and loss on designated portion of hedging instruments in a cash flow hedge........................... 0.21 1.25 Net fair value (loss) / gain on investments in debt instruments at FVTOCI................................................................................................ (3.43) 0.21 Remeasurement of defined benefit plans............................................................................................................................................................................. 20.51 (45.16) Total deferred tax income / (expense) ........................................................................................................................................................................... 17.29 (43.70) (c) The reconciliation of estimated income tax expense at tax rate to income tax expense reported in Statement of profit and loss is as follows: Rupees crores Particulars 2025 2024 Profit before tax...................................................................................................................................................................................................................................... 15,650.12 13,457.78 Applicable Income tax rate.............................................................................................................................................................................................................. 25.168% 25.168% Expected income tax expense...................................................................................................................................................................................................... 3,938.82 3,387.05 Tax effect of adjustments to reconcile expected income tax expense to reported income tax expense: Effect of income exempt from tax / non taxable on compliance of conditions....................................................................................... (504.07) (560.13) Effect of income chargeable at specified tax rates ..................................................................................................................................................... (92.69) (116.40) Effect of expenses / provisions not deductible in determining taxable profit........................................................................................... 428.14 26.26 Reversal of deferred tax liabilities............................................................................................................................................................................................. — (25.47) Effect of utilisation of deferred tax on capital losses................................................................................................................................................. 19.75 70.60 Effect of net (reversal) of provision in respect of prior years ............................................................................................................................. (4.50) — Others............................................................................................................................................................................................................................................................. 9.71 33.58 Reported income tax expense................................................................................................................................................................................................. 3,795.16 2,815.49 (d) Amounts on which deferred tax asset has not been created and related expiry period Unused tax losses - capital in nature Rupees crores Expiry Period 2025 2024 More than five years............................................................................................................................................................................................................................ 2,672.96 2,906.59 21. Income Taxes (contd.)
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