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Income tax expenses (Tables)

12 Months Ended

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 RMB304.7 billion and RMB362.6 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 RMB19.7 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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
-Section 55
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