Tamilnad Mercantile Bank (NSE:TMB) Tax Rate % : 25.76% (As of Dec. 2024)

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What is Tamilnad Mercantile Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tamilnad Mercantile Bank's Tax Expense for the three months ended in Dec. 2024 was ₹1,042 Mil. Tamilnad Mercantile Bank's Pre-Tax Income for the three months ended in Dec. 2024 was ₹4,044 Mil. Therefore, Tamilnad Mercantile Bank's Tax Rate % for the quarter that ended in Dec. 2024 was 25.76%.

Tamilnad Mercantile Bank Tax Rate % Historical Data

The historical data trend for Tamilnad Mercantile 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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Tamilnad Mercantile Bank Tax Rate % Chart

Tamilnad Mercantile Bank Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

Tamilnad Mercantile Bank Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial											22.73	-	25.07	24.26	25.76

Tamilnad Mercantile Bank Tax Rate % Calculation

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

Tamilnad Mercantile 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 )
	=	0	/	10720.325
	=	0.00 %

Tamilnad Mercantile Bank's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	1042	/	4044.4
	=	25.76 %

Tamilnad Mercantile Bank Tax Rate % Related Terms

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Tamilnad Mercantile Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (NSE:TMB) » Definitions » Tax Rate %

Traded in Other Exchanges

543596:India

Address

No. 57, Victoria Extension Road, Tuticorin, TN, IND, 628 002

Website

https://www.tmb.in

Tamilnad Mercantile Bank Ltd is the oldest private sector bank in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate and Wholesale banking, Retail banking, and Other banking business services. It generates the majority of its revenue from the Retail banking segment.