GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of India (BOM:532477) » Definitions » Tax Expense

Union Bank of India (BOM:532477) Tax Expense : ₹69,529 Mil (TTM As of Sep. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Union Bank of India Tax Expense?

Union Bank of India's tax expense for the months ended in Sep. 2024 was ₹16,841 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹69,529 Mil.


Union Bank of India Tax Expense Historical Data

The historical data trend for Union Bank of India's Tax Expense 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.

* Premium members only.

Union Bank of India Tax Expense Chart

Union Bank of India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11,103.90 -5,008.40 33,578.40 37,161.20 77,992.80

Union Bank of India Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense 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 19,440.20 19,439.30 19,713.50 13,535.40 16,840.60

Union Bank of India Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹69,529 Mil.

* 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.


Union Bank of India  (BOM:532477) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Union Bank of India Tax Expense Related Terms

Thank you for viewing the detailed overview of Union Bank of India's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.


Union Bank of India Business Description

Traded in Other Exchanges
Address
239, Vidhan Bhavan Marg, Union Bank Bhavan, 12th Floor, Nariman Point, Mumbai, MH, IND, 400 021
Union Bank of India is a retail, commercial and investment bank domiciled in India. The bank organizes operations across four main segments: Retail Banking Operations such as deposits and transaction accounts; Corporate and Wholesale Banking including private equity and corporate finance; Treasury Operations; and Other Banking Operations. Corporate and Wholesale Banking Operations contribute major revenue. The bank generates the majority of its revenue domestically. The Government of India is the majority shareholder.

Union Bank of India Headlines

No Headlines