GSK_ Annual_Report_2021-22

Notes to the Consolidated Financial Statements for the year ended March 31, 2022 241 (d) Movement in deferred tax balances ( ` in lakhs ) Balance as at April 1, 2021 Recognised in the Statement of Profit and Loss Recognised in OCI Balance as at March 31, 2022 Deferred tax asset Provision for Employee Benefits 27,93.94 88.99 62.06 29,44.99 Voluntary retirement schemes 2,82.68 6,22.78 - 9,05.46 Allowance for doubtful debts 5,74.30 4.07 - 5,78.37 Interest on income tax refund not accounted but considered as taxable under the Income Tax Act,1961 16,30.54 - - 16,30.54 Expenses allowable for tax purpose when paid 65,88.23 5,55.79 - 71,44.02 Total Deferred tax asset 118,69.69 12,71.63 62.06 132,03.38 Deferred tax liabilities Fiscal allowance on Property, Plant and Equipment and Other Intangible assets (15,57.08) (3,31.49) - (18,88.57) Deferred tax asset (net) 103,12.61 9,40.14 62.06 113,14.81 ( ` in lakhs ) Balance as at April 1, 2020 Recognised in the Statement of Profit and Loss Recognised in OCI Balance as at March 31, 2021 Deferred tax asset Provision for Employee Benefits 25,97.91 1,27.13 68.90 27,93.94 Voluntary retirement schemes 3,81.89 (99.21) - 2,82.68 Allowance for doubtful debts 5,22.44 51.86 - 5,74.30 Interest on income tax refund not accounted but considered as taxable under the Income Tax Act,1961 16,30.54 - - 16,30.54 Expenses allowable for tax purpose when paid 76,39.66 (10,51.43) - 65,88.23 Total Deferred tax asset 127,72.44 (9,71.65) 68.90 118,69.69 Deferred tax liabilities Fiscal allowance on Property, Plant and Equipment and Other Intangible assets (17,23.80) 1,66.72 - (15,57.08) Deferred tax asset (net) 110,48.64 (8,04.93) 68.90 103,12.61 (e) The details of Income Tax assets and income tax liabilities as at March 31, 2022 and March 31, 2021 ( ` in lakhs ) As at March 31, 2022 March 31, 2021 Current Tax Assets (Net) 197,60.40 346,50.01 Current Tax Liabilities (Net) 296,20.35 163,72.26 Net current income tax asset/(liability) at the end (98,59.95) 182,77.75