Page 196 - Crisil Annual Report 2023

9. Other financial assets (Non-current)
Unsecured, considered good, unless otherwise stated
Security and other deposits Interest accrued on fixed deposits Other bank balances
Deposits with more than 12 months maturity
{Deposits includes fixed deposits with banks C 20 lakh (Previous year: C 40 lakh) marked as lien for guarantees issued by banks on behalf of the Group}
Total
10. Income tax
Current tax
Deferred tax
Total income tax expense recognised in current year
Integrity Insight Impact
(C lakh)
1,163 6
140
1,309
(C lakh)
19,109 (1,308) 17,801
Particulars
As at December 31, 2023
As at December 31, 2022
1,384
1
21
1,406
Particulars
Year ended December 31, 2023
Year ended December 31, 2022
22,313
(1,387)
20,926
The tax year for the Indian entities being the year ending March 31, 2024, the tax expense for the year is the aggregate of the provision made for the three months ended March 31, 2023 and the provisions for the nine months upto December 31, 2023. The tax provision for the nine months has been arrived at using effective tax rate for the period April 1, 2023 to March 31, 2024.
The reconciliation between income tax provision of the Group and amounts computed by applying the Indian statutory income tax rate to profit before taxes is summarised below:
Particulars
Year ended December 31, 2023
Year ended December 31, 2022
86,770
25.168%
21,838
(1,257)
322
235
(132)
(80)
20,926
Profit before income tax
Enacted income tax rate in India for fiscal year ended March 31, 2024 and March 31, 2023. (in %) Computed expected tax expense
Effect of:
Income not chargeable to tax (including non-taxable income)
Expenses that are not deductible in determining taxable profit
Income subject to different tax rates
Tax expense of prior years
Others
Total income tax expense recognised in the statement of profit and loss
(C lakh)
74,240 25.168% 18,685
(671) 299 (521) 295 (286) 17,801
194 Annual Report 2023