| Schedule of Reconciles Singapore Statutory Rates |
The
following table reconciles Singapore statutory rates to the Company’s effective tax rate:
| | |
For the years ended March 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| Income before tax | |
| 4,797,146 | | |
| 4,147,616 | | |
| 2,457,817 | | |
| 1,828,051 | |
| Singapore statutory income tax rate | |
| 17 | % | |
| 17 | % | |
| 17 | % | |
| 17 | % |
| Income tax expense computed at statutory rate | |
| 815,515 | | |
| 705,095 | | |
| 417,829 | | |
| 310,769 | |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciling items: | |
| | | |
| | | |
| | | |
| | |
| Income not subject to tax in Singapore | |
| (328 | ) | |
| (40,126 | ) | |
| (1,774 | ) | |
| (1,319 | ) |
| Non-deductible expenses | |
| 121,264 | | |
| 131,965 | | |
| 160,622 | | |
| 118,163 | |
| Tax exemption and rebates | |
| (47,489 | ) | |
| (43,760 | ) | |
| (55,425 | ) | |
| (41,224 | ) |
| Utilization of prior year deferred tax assets not recognized | |
| (18,637 | ) | |
| — | | |
| — | | |
| — | |
| Under/ (Over provision) of tax in prior financial year | |
| — | | |
| 19,016 | | |
| (205,399 | ) | |
| (152,770 | ) |
| Others | |
| — | | |
| 20,017 | | |
| (95,901 | ) | |
| (70,025 | ) |
| Income tax expenses | |
| 870,325 | | |
| 792,207 | | |
| 219,952 | | |
| 163,594 | |
|