17. Deferred tax liabilities (net)

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17 Deferred tax liabilities (net)
(₹ In Crore)
	As at 31 March
Particulars	2022	2021

Deferred tax liabilities
On account of timing difference in
Property, plant and equipment	116.03	125.36

Employee benefits:
Defined benefit plans provisions – P&L	15.65	22.17
Defined benefit plans provisions – OCI	0.41	0.33

Financial instruments:
Mutual funds including fixed maturity plans, ETFs	247.12	409.65
Fair valuation of derivative hedging contracts	20.27	50.08
Financial assets at FVTOCI	80.75	13.14
	348.14	472.87
Gross deferred tax liabilities	480.23	620.73

Deferred tax assets
On account of timing difference in
Employee benefits:
Welfare scheme costs and others	0.47	0.67
Bonus provisions	1.72	1.72
Provision for privilege leave etc.	32.10	32.63
Defined benefit plans provisions – OCI	13.67	18.11
	47.96	53.13
Financial instruments:
Fair valuation of derivative hedging contracts	–	19.53
Amortisation of discount on acquisition of fixed income securities	4.82	0.68
	4.82	20.21
Other items:
Provision for bad/doubtful debts and advances	12.02	13.15
Taxes, duties, others etc.	12.10	12.10
	24.12	25.25
Gross deferred tax assets	76.90	98.59
	403.33	522.14

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

At 31 March 2020	154.79	268.57	(55.73)	(21.25)	346.38
Charged/(credited)
– to profit and loss	(29.43)	48.75	20.99	(4.00)	36.31
– to other comprehensive income	–	135.34	4.11	–	139.45
At 31 March 2021	125.36	452.66	(30.63)	(25.25)	522.14
Charged/(credited)
– to profit and loss	(9.33)	(166.66)	(5.79)	1.13	(180.65)
– to other comprehensive income	–	57.32	4.52	–	61.84
At 31 March 2022	116.03	343.32	(31.90)	(24.12)	403.33