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ANNUAL REPORT 2018 - 2019
NOTES FORMING PART OF CONSOLIDATED
FINANCIAL STATEMENTS AS AT 31ST MARCH 201 9

17 Non current Provisions ( ` in lakhs)
Particulars As at 31st As at 31st
March, 201 9 March, 201 8
Leave Encashment (Non Funded) 41.46 37.23

Total 41.46 37.23

18 Income Tax
A) Income Tax Expenses
A reconciliation of the income tax provision to the amount computed by applying the statutory income tax
rate to the income before income taxes is as below:
Particulars As at 31st As at 31st
March,201 9 March,201 8
Profit/(loss)before tax 2,578.18 2,297.88
Indian statutory income tax rate 34.94% 34.61%
Expected income tax expense 900.81 795.30
Income exempt from tax/Items not deductible 52.22 47.03
Additional tax benefit for research and development expenditures (18.02) (20.13)

Tax expense as reported 935.01 822.20

B) Deferred Tax Assets / Liabilities (net)
Particulars As at 31st As at 31st
March,201 9 March,201 8
Deferred Tax Liabilities : 721.39 655.45
Deferred Tax Assets : (37.07) (38.14)

Total Deferred Tax Liabilities (Net) 684.32 617.31

Movement in Deferred Tax Assets and Liabilities as at March 31,201 is as below :9
Particulars Balance as at Recognised/ Balance as at
April 1,201 8 (reversed) March 31,
statement of 201 9
profit and loss
Deferred tax liabilities :
Depr eciation 653.41 66.18 719.59
Other 2.04 (0.24) 1.80
655.45 65.94 721.39
Deferred tax assets :
Expenses allowed in the year of payment 38.14 (1.07) 37.07
38.14 (1.07) 37.07
Net Deferred Tax Liabilities 617.31 67.01 684.32

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CONSOLIDATED NOTES TO THE ACCOUNTS