| Schedule of Income Tax Provision |
ncome tax provision consist of the following components: | | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | S$ | | | S$ | | | S$ | | | US$ | | | Current income tax expense: | | | | | | | | | | | | | | Singapore | | | 792,207 | | | | 219,952 | | | | 1,160,339 | | | | 899,436 | | | Foreign jurisdiction | | | — | | | | — | | | | — | | | | — | | | Total current income tax expense | | | 792,207 | | | | 219,952 | | | | 1,160,339 | | | | 899,436 | | | | | | | | | | | | | | | | | | | | | Effective tax rate | | | 19.1 | % | | | 8.9 | % | | | 24.4 | % | | | 24.4 | % |
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| 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, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | S$ | | | S$ | | | S$ | | | US$ | | | Income before tax | | | 4,147,616 | | | | 2,457,817 | | | | 4,751,624 | | | | 3,683,222 | | | Singapore statutory income tax rate | | | 17 | % | | | 17 | % | | | 17 | % | | | 17 | % | | Income tax expense computed at statutory rate | | | 705,095 | | | | 417,829 | | | | 807,776 | | | | 626,148 | | | | | | | | | | | | | | | | | | | | | Reconciling items: | | | | | | | | | | | | | | | | | | Income not subject to tax in Singapore | | | (40,126 | ) | | | (1,774 | ) | | | (56,287 | ) | | | (43,631 | ) | | Non-deductible expenses | | | 131,965 | | | | 160,622 | | | | 418,761 | | | | 324,601 | | | Tax exemption and rebates | | | (43,760 | ) | | | (55,425 | ) | | | (34,850 | ) | | | (27,014 | ) | | Utilization of prior year deferred tax assets not recognized | | | — | | | | — | | | | (296,743 | ) | | | (230,020 | ) | | Under/(over) provision of tax in prior financial year | | | 19,016 | | | | (205,399 | ) | | | 321,682 | | | | 249,352 | | | Others | | | 20,017 | | | | (95,901 | ) | | | — | | | | — | | | Income tax expenses | | | 792,207 | | | | 219,952 | | | | 1,160,339 | | | | 899,436 | |
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