| 194 Annual Report | 2024-2025 Financials Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 39: Employee benefits (cont'd) (c) Compensated absences (cont'd) (ii) Amount recognised in the statement of profit and loss is as under: Particulars Year ended March 31, 2025 Year ended March 31, 2024 Current service cost 143.44 239.97 Past service cost - - Net interest on net defined benefit liability/ (asset) 64.99 57.11 Immediate recognition of (gains)/ losses 231.21 Actuarial (gain)/ loss due to DBO experience 170.22 84.87 Actuarial (gain)/ loss due to DBO assumption change 60.99 20.16 Payment made during the year (256.09) (223.96) Net impact on profit (before tax) 414.76 178.15 Note 40: Tax expense (a) Income tax recognised in the Statement of Profit and Loss: Year ended March 31, 2025 Year ended March 31, 2024 Current tax - for current year 5,223.42 3,412.65 - for earlier years (191.70) 66.50 Deferred tax expense/ (credit) - - Attributable to - 1. Origination and reversal of temporary differences (1,857.03) 2,314.28 2. Recognition of previously unrecognised tax losses - 4,327.71 3. Recognition of previously unrecognised deductible temporary differences (334.77) (260.01) Total tax expenses 2,839.92 9,861.13 (b) Reconciliation of income tax expense and the accounting profit for the year: Year ended March 31, 2025 Year ended March 31, 2024 Profit before tax 13,808.50 41,243.30 Enacted tax rates (%) 25.17% 25.17% Income tax expense calculated at corporate tax rate 3,475.32 10,380.11 Reconciliation items Impact of tax relating to earlier years (191.70) 66.50 Impact due to different tax rate 3.78 0.91 Tax impact of expenses not deductible 98.58 1.17 Impact on account of deductions claimed under Income Tax Act (786.60) (790.03) Others (*) 240.54 202.47 Total tax expenses 2,839.92 9,861.13 (*) includes items taxable on cash basis.
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