177 e) Deferred tax liabilities (net) The balance comprises temporary differences attributable to the below items and corresponding movement in deferred tax liabilities | (assets): (` lakhs) Deferred tax liabilities | (assets) As at March 31, 2024 Charged | (Credited) to profit or loss | OCI | equity As at March 31, 2023 (Charged) | Credited to profit or loss | OCI | equity As at March 31, 2022 Property, plant and equipment 113.44 3.64 109.80 10.20 99.60 Financial liabilities at amortised cost (0.03) - (0.03) (6.95) 6.92 Others (57.22) 4.69 (61.91) (21.83) (40.08) Provision for leave encashment (1.68) 0.38 (2.06) (0.45) (1.61) Net deferred tax liabilities | (assets) 54.50 8.71 45.80 (19.03) 64.83 Note 28.5 Employee benefit obligations Funded schemes a) Defined contribution plans: Gratuity The gratuity fund is maintained with the Life Insurance Corporation of India and Bajaj Allianz Life Insurance under the Group Gratuity scheme. Every employee is entitled to a benefit equivalent to the last drawn salary of 15 days for each completed year of service in line with either the Payment of Gratuity Act, 1972 or the Company scheme, whichever is more beneficial. Gratuity is payable at either the time of separation or retirement from the Company, whichever is earlier. The benefit vests after five years of continuous service. (` lakhs) Particulars Present value of obligation Fair value of plan assets Net amount As at March 31, 2022 liability | (asset) 13.24 (16.69) (3.45) Current service cost 4.98 - 4.98 Interest expense | (income) 0.84 (1.07) (0.23) Total (income) | expense recognised in Consolidated Statement of Profit and Loss 5.82 (1.07) 4.75 Remeasurement (Gain) | loss from change in financial assumptions (1.61) - (1.61) Return on plan assets, excluding amount included in interest expense 0.58 0.11 0.69 Experience (gain) (1.97) - (1.97) Note 28.4 Current and deferred tax (continued)
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