Integrated Annual Report 2025-26 340 (b) Income tax recognised in Other Comprehensive Income Rupees crores Particulars 2026 2025 Deferred tax related to items recognised in other comprehensive income during the year: Effective portion of gains and losses on designated portion of hedging instruments in a cash flow hedge...................... 6.24 0.21 Net fair value (loss) / gain on investments in debt instruments at FVTOCI................................................................................................ 2.48 (3.43) Remeasurement of defined benefit plans............................................................................................................................................................................. 17.31 20.51 Total deferred tax income / (expense) ........................................................................................................................................................................... 26.03 17.29 (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 2026 2025 Profit before tax...................................................................................................................................................................................................................................... 20,624.21 15,650.12 Applicable Income tax rate.............................................................................................................................................................................................................. 25.168% 25.168% Expected income tax expense...................................................................................................................................................................................................... 5,190.70 3,938.82 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....................................................................................... (499.58) (504.07) Effect of tax on deemed income ............................................................................................................................................................................................... 219.27 — Effect of utilisation of tax losses .............................................................................................................................................................................................. (182.48) (72.94) Effect of expenses / provisions not deductible in determining taxable profit........................................................................................... 251.48 428.14 Effect of net (reversal) of provision in respect of prior years ............................................................................................................................. — (4.50) Others............................................................................................................................................................................................................................................................. 5.89 9.71 Income tax expense recognised in statement of profit and loss ............................................................................................................ 4,985.28 3,795.16 (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 2026 2025 Three to Five Years .............................................................................................................................................................................................................................. 2,672.96 — More than five years............................................................................................................................................................................................................................ 667.62 2,672.96 21. Income taxes (contd.)
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