Deferred Tax Calculator (IND AS 12 / AS 22)

🧮 Deferred Tax Calculator (IND AS / AS 22)

📝 How to Fill:

Item: Description of the asset, liability, or expense (e.g., Depreciation on Machine, Provision for Bonus).
Book Value: Value as per your books of accounts (Companies Act / Accounting Standards).
Tax Value: Value as per Income Tax computation (per Income Tax Act).
Type:
- Deductible (DTA) – Taxable profit is higher now but will be lower in future (e.g., provision disallowed now but allowed later).
- Taxable (DTL) – Book profit is higher now but taxable later (e.g., depreciation difference favoring lower tax now).
Tax Rate: Enter applicable income tax rate (e.g., 25%, 30%).

🧮 Deferred Tax Calculator (IND AS / AS 22)