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INCOME TAXES (Tables) | 9 Months Ended
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Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of Details of Income Taxes | The following table provides details of income taxes:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(Dollar amounts in thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
Income before income taxes | $ | 846,285 |  | $ | 640,403 |  | $ | 2,539,538 |  | $ | 1,651,611
Provision for income taxes | $ | 115,625 |  | $ | 73,233 |  | $ | 22,876 |  | $ | 207,316
Effective tax rate | 13.7 | % |  | 11.4 | % |  | 0.9 | % |  | 12.6 | %

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