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Karnataka Bank (NSE:KTKBANK) Tax Rate % : 21.66% (As of Sep. 2024)


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What is Karnataka Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Karnataka Bank's Tax Expense for the three months ended in Sep. 2024 was ₹930 Mil. Karnataka Bank's Pre-Tax Income for the three months ended in Sep. 2024 was ₹4,292 Mil. Therefore, Karnataka Bank's Tax Rate % for the quarter that ended in Sep. 2024 was 21.66%.

Karnataka Bank Tax Rate % Historical Data

The historical data trend for Karnataka Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Karnataka Bank Tax Rate % Chart

Karnataka Bank Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.29 26.81 26.80 18.11 16.41

Karnataka Bank Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.90 16.34 12.95 22.76 21.66

Karnataka Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Karnataka Bank's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2024 )/Pre-Tax Income (A: Mar. 2024 )
=2564.5/15629.864
=16.41 %

Karnataka Bank's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=929.9/4292.3
=21.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Karnataka Bank Tax Rate % Related Terms

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Karnataka Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Karnataka Bank Ltd (NSE:KTKBANK) » Definitions » Tax Rate %
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BOM:543596 NSE:CUB BOM:542904 BOM:543243 BOM:532209 BOM:542867 NSE:UTKARSHBNK BOM:532218 BOM:590003 BOM:532772 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
532652:India
Address
Mahaveera Circle, Post Box No. 599, Kankanady, Mangaluru, KA, IND, 575 002
Website
https://www.karnatakabank.com
Karnataka Bank Ltd is an Indian banking company. Its operating segment includes Treasury operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It generates maximum revenue from the Retail Banking segment. Geographically, it operates only in India. The company's products and services include savings accounts, certificates of deposits, cash management accounts, money market accounts, loans and advances, and others.

Karnataka Bank Headlines

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