Gillette_India_Limited_AR_20

Annual Report 2019-20 107 Notes to Financial Statements for the year ended June 30, 2020 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited 25.2 Corporate Social Responsibility Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs The Company has spent towards various schemes of Corporate Social Responsibility as prescribed under section 135 of the Companies Act, 2013. This amount corresponds with the gross amount required to be spent by the company during the year. 707 699 (i) Amount spent for purposes of Construction/ acquisition of asset — — (ii) Amount spent for purposes other than (i) above 707 699 None of the above amount spent is through any related party / affiliate. The Company does not carry any provisions for Corporate social responsibility expenses for current year and previous year. 26 Income tax expense 26.1 Income tax recognised in the Statement of Profit and Loss Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Current tax In respect of the current year 8 243 13 520 In respect of prior years (817) (3 608) 7 426 9 912 Deferred tax In respect of the current year 953 (1 299) In respect of prior years — — 953 (1 299) Total income tax expense recognised in the current year 8 379 8 613 The income tax expense for the year can be reconciled to the accounting profit as follows: Year ended June 30, 2020 ` in lakhs Year ended June 30, 2019 ` in lakhs Profit before tax 31 397 33 905 Income tax expense calculated at 25.168% (2018-2019: 34.944%) 7 902 11 848 Effect of allowances — — Effect of expenses that are not deductible in determining taxable profits 1 294 444 Effect of income that is exempt from taxation — (71) 9 196 12 221 Adjustments recognised in the current year in relation to the current tax/deferred tax of prior years (817) (3 608) Income taxexpense recognised in theStatement ofProfit andLoss 8 379 8 613 The tax rate used for 2019-20 is the corporate tax rate of 25.168%. The tax rate used for 2018-19 is a weighted average of the corporate tax rate of 34.944% applicable till March 31, 2019 and 25.168% applicable from April 1, 2019 under the Indian laws.