Mphasis has received a rectification order resulting in a significant reduction of its tax demand. The order, dated September 26, 2025, lowers the demand from ₹232.37 crore to ₹108.56 crore, providing a net reduction of ₹123.82 crore. The company is contesting the remaining reduced demand and anticipates substantial relief.
Tax Demand Reduction
Mphasis announced that it has received a rectification order pertaining to the Income-Tax Act, 1961. This order, dated September 26, 2025, addresses assessment years 2018-19 and 2019-20.
Financial Impact
The rectification order has resulted in a considerable reduction of the company’s tax demand. The initial demand of ₹232.37 crore has been revised down to ₹108.56 crore, leading to a net reduction of ₹123.82 crore.
Ongoing Dispute
Mphasis is currently contesting the remaining tax demand with appellate authorities. The company expects to receive further relief on the reduced demand.
Source: BSE
