31. Income tax expense For the year ended 31 March 2023 31 March 2022 (a) Tax expense comprises of: Current income tax 228.36 343.59 Deferred tax expense/(benefi t) 9.34 (1.38) Income tax expense reported in the Consolidated Statement of Profit and loss 237.70 342.21 For the year ended 31 March 2023 31 March 2022 Income tax expense attributable to: Continuing operations 237.67 342.21 Discontinued operations 0.03 - 237.70 342.21 The major components of income tax expense and the reconciliation of expected tax expense based on the domestic eff ective tax rate of the Holding Company at 25.168% (31 March 2022: 25.168%) and the reported tax expense in the Consolidated Statement of Profi t and Loss is as follows: Reconciliation of income tax expense and the accounting profit/(loss) multiplied by India’s tax rate: For the year ended 31 March 2023 31 March 2022 Profi t before tax from continuing operations 817.43 1,398.82 Loss before tax from discontinued operations (0.01) (4.35) Expected income tax expense at the Indian tax rate 25.168% (31 March 2022: 25.168%) 205.73 350.96 Tax effect of amounts which are not deductible/ (taxable) in calculating taxable income: Eff ect of deductions allowed under Chapter VI-A of the Income Tax Act, 1961 (“IT Act, 1961) (1.21) (4.86) Eff ect of expenses not deductible under the IT Act, 1961 7.64 8.45 Eff ect of income not subject to tax under the IT Act, 1961 (1.07) (1.07) Eff ect of income subject to tax under the IT Act, 1961 2.15 - Others 24.46 (11.27) Income tax expense 237.70 342.21 32. Earnings per equity share (EPES) For the year ended 31 March 2023 31 March 2022 Attributable to Owners of the Company Profi t from continuing operations 579.76 965.69 Profi t from discontinued operations - - Profit for the year 579.76 965.69 Weighted average number of equity shares outstanding during the year# 9,16,34,554 9,14,95,608 Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 291 Consolidated | Financial Statements
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