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Income tax expenses (Tables) | 12 Months Ended
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Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of composition of income tax expenses | Composition of income tax expenses
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |  |  | RMB |
|  | (in millions) |
Current income tax expense |  |  | 17,266 |  |  |  | 27,792 |  |  |  | 35,071 |
Deferred taxation |  |  | (1,717 | ) |  |  | (5,263 | ) |  |  | 374 |
|  |  | 15,549 |  |  |  | 22,529 |  |  |  | 35,445 |
Schedule of composition of deferred tax assets and liabilities | Composition of deferred tax assets and liabilities
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |
|  | (in millions) |
Deferred tax assets |  |  |  |  |  |
Licensed copyrights |  |  | 5,527 |  |  |  | 6,351 |
Tax losses carried forward and others (i) |  |  | 52,410 |  |  |  | 66,120 |
|  |  | 57,937 |  |  |  | 72,471 |
Valuation allowance (ii) |  |  | (46,576 | ) |  |  | (59,310 | )
Total deferred tax assets |  |  | 11,361 |  |  |  | 13,161 |
Deferred tax liabilities |  |  |  |  |  |
Identifiable intangible assets |  |  | (14,176 | ) |  |  | (5,122 | )
Withholding tax on undistributed earnings (iii) |  |  | (8,170 | ) |  |  | (8,559 | )
Equity method investees and others (iv) |  |  | (30,666 | ) |  |  | (34,773 | )
Total deferred tax liabilities |  |  | (53,012 | ) |  |  | (48,454 | )
Net deferred tax liabilities |  |  | (41,651 | ) |  |  | (35,293 | )
(i) Others generally represent deferred tax assets for property and equipment, investments in equity method investees, equity securities and other investments, as well as accrued expenses which are not deductible until paid under PRC tax laws. (ii) Change in valuation allowances generally represents valuation allowances provided on the deferred tax assets related to the tax losses carried forward, property and equipment, as well as investments in equity securities and other investments due to the uncertainty surrounding their realization. If events occur in the future that improve the certainty of realization, an adjustment to the valuation allowances will be made and consequently income tax expenses will be reduced. (iii) The related deferred tax liabilities as of March 31, 2024 and 2025 were provided on the assumption that substantially all of the distributable earnings of PRC subsidiaries will be distributed as dividends, except for those undistributed earnings that the Company intends to invest indefinitely in the PRC which amounted to RMB 304.7 billion and RMB 362.6 billion, respectively. (iv) Deferred tax liabilities for investments in equity method investees mainly includes the deferred tax effect on the gain in relation to the receipt of the 33% equity interest in Ant Group of RMB 19.7 billion. Others primarily represents deferred tax liabilities for investments in equity securities and other investments.
Schedule of reconciliation of the differences between the statutory EIT rate applicable to profits of the consolidated entities and the income tax expenses of the Company | Reconciliation of the differences between the statutory EIT rate applicable to profits of the consolidated entities and the income tax expenses of the Company:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | RMB |  |  | RMB |  |  | RMB |
|  | (in millions, except per share data) |
Income before income tax and share of result of equity method investees |  |  | 89,185 |  |  |  | 101,596 |  |  |  | 155,455 |
Income tax computed at statutory EIT rate (25%) |  |  | 22,296 |  |  |  | 25,399 |  |  |  | 38,864 |
Effect of different tax rates available to different jurisdictions |  |  | (153 | ) |  |  | (1,095 | ) |  |  | (1,089 | )
Effect of tax holiday and preferential tax benefit on assessable profits of subsidiaries incorporated in the PRC |  |  | (13,679 | ) |  |  | (14,135 | ) |  |  | (20,258 | )
Non-deductible expenses and non-taxable income, net (i) |  |  | 16,870 |  |  |  | 11,006 |  |  |  | 10,673 |
Additional deductions of certain research and development expenses incurred by subsidiaries in the PRC (ii) |  |  | (8,282 | ) |  |  | (9,415 | ) |  |  | (9,320 | )
Withholding tax on the earnings distributed and anticipated to be remitted |  |  | 5,312 |  |  |  | 6,127 |  |  |  | 5,938 |
Change in valuation allowance and others (iii) |  |  | (6,815 | ) |  |  | 4,642 |  |  |  | 10,637 |
Income tax expenses |  |  | 15,549 |  |  |  | 22,529 |  |  |  | 35,445 |
Effect of tax holidays inside the PRC on basic earnings per share |  |  | 0.65 |  |  |  | 0.70 |  |  |  | 1.08 |
Effect of tax holidays inside the PRC on basic earnings per ADS |  |  | 5.22 |  |  |  | 5.60 |  |  |  | 8.62 |
(i) Expenses not deductible for tax purposes and non-taxable income generally represent impairment of goodwill, investment income or loss and share-based compensation expense. (ii) This amount represents tax incentives relating to the research and development expenses of certain major operating subsidiaries in the PRC. (iii) Change in valuation allowance generally represents valuation allowance for temporary differences associated with tax losses, property and equipment and investments in equity securities and other investments. Besides, others primarily represents other tax benefits which were not previously recognized as well as deferred tax effect for temporary differences in relation to certain investments in equity method investees.

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