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Notes forming part of consolidated onancial statements (Contd.)
206
•
Annual Report 2016-17
periods is not available. Hence, the comparative information for the year ended March 31, 2016 is not provided.
Geographical Information
The following table shows the distribution of the Group’s consolidated sales by geographical market regardless of from
where the services were rendered
(In
`
Million)
Particulars
India
North America Rest of the
World
Total
Revenue
Year ended
Mar-31-2017
1,593.61
24,859.52
2,331.26
28,784.39
Year ended
Mar-31-2016
1,538.10
19,779.95
1,805.26
23,123.31
The revenue from a single customer in excess of ten percent of total revenue of the Group is
`
8,159.37 million for the
year ended March 31, 2017.
32. Income taxes
A reconciliation of the income tax provision to the amount computed by applying the statutory income tax rate to the
proot before tax is summarized below:
For the year ended
March 31, 2017
In
`
million
March 31, 2016
In
`
million
Proot before tax
4,006.73
3,696.91
Enacted tax rate in India
34.61%
34.61%
Computed tax expense at enacted tax rate
1,386.65
1,279.43
Effect of exempt income
(125.26)
(142.35)
Effect of non-deductible expenses
29.26
50.32
Effect of concessions (R&D allowance)
(62.39)
(13.46)
Effect of concessions (Tax holidays)
(160.41)
(58.97)
Effect of unused tax losses not recognised as deferred tax assets
63.11
-
Effect of set off of tax expense on account of accumulated tax losses.
-
(27.52)
Effect of previously unrecognised unused tax losses now recognised as deferred
tax assets
-
(7.95)
Effect of different tax rates of subsidiaries operating in other jurisdictions
(31.01)
(7.79)
Effect of different tax rates for different heads of income
(15.50)
(6.68)
Others
(92.37)
(141.11)
Income tax expense
992.08
923.92
Note:
The Parent Company beneots from the tax holidays available for units set up under the Special Economic =one Act,
2005. These tax holidays are available for a period of ofteen years from the date of commencement of operation.
Under the SE= Scheme, the Unit which begins providing services on or after April 1, 2005 will be eligible for deduction
of 100% of proots or gains derived from export of services for the orst ove years, 50% of such proots or gains for a
further period of ove years and 50% of such proots and gains for the balance period of ove years subject to fulollment
of certain conditions.