Deferred tax liabilities (net) - Annual Report 2023-24

Balance Sheet St_Note_17

17 Deferred tax liabilities (net)
(₹ In Crore)
Particulars	As at 31 March
Particulars	2024	2023

Deferred tax liabilities
On account of timing difference in
Property, plant and equipment	178.56	149.60

Employee benefits:
Defined benefit plans provisions – P&L	10.09	9.67
Defined benefit plans provisions – OCI	0.42	0.42

Financial instruments:
Mutual funds including fixed maturity plans, ETFs	194.83	152.30
Financial assets at FVTOCI	210.41	117.17
	405.24	269.47
Gross deferred tax liabilities	594.31	429.16
Deferred tax assets
On account of timing difference in
Employee benefits:
Welfare scheme costs & others	0.21	0.34
Bonus provisions	1.72	1.72
Provision for privilege leave etc.	37.22	33.89
Defined benefit plans provisions – P&L	–	–
Defined benefit plans provisions – OCI	5.28	14.21
	44.43	50.16
Financial instruments:
Amortisation on acquisition/liquidation of fixed income securities	24.94	9.86
	24.94	9.86
Other items:
Provision for bad/doubtful debts and advances	5.89	11.89
Taxes, duties, others etc.	12.11	12.10
	18.00	23.99
Gross deferred tax assets	87.37	84.01
	506.94	345.15

Movement in deferred tax liabilities (net):
	(₹ In Crore)
Particulars		Property, plant and equipment	Financial instruments	Employee benefits	Other items	Total

At 31 March 2022		116.03	343.32	(31.90)	(24.12)	403.33
Charged/(credited)
–	to profit and loss	33.57	(99.86)	(7.64)	0.15	(73.78)
–	to other comprehensive income	–	16.15	(0.53)	(0.02)	15.60
At 31 March 2023		149.60	259.61	(40.07)	(23.99)	345.15
Charged/(credited)
–	to profit and loss	28.96	27.45	(2.78)	5.99	59.62
–	to other comprehensive income	–	93.24	8.93	–	102.17
At 31 March 2024		178.56	380.30	(33.92)	(18.00)	506.94