hi
What is the meaning of Profit before tax and after tax? how to calculate PBT and PAT?
different between profit before tax and profit after tax.
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Hai Kavitha,
Profit before Tax is the profit after considering all business expenses but before providing for Taxation.
Income Tax is calculated on profit as computed under business income head (section 28 to 37 of IT act)
when this tax and other tax such as deferred tax is deducted from PBT it gives PAT.
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