Company: YSXT
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001410578-25-001545
Chunk: 242

Company: YSX Tech Co., Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 242
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 noted above decreased PRC corporate income taxes by $497,396, $413,403and $406,785for the years ended March 31, 2025, 2024 and 2023, respectively. The benefit of the tax holidays on net income per share (basic and diluted) of $0.02, $0.02and $0.02for the years ended March 31, 2025, 2024 and 2023, respectively.
(i) The components of the income tax provision from Cayman Islands, Hong Kong, and China are as follows:
For the years ended March 31,
2025 2024 2023
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Current tax provision:
Cayman Islands $ - $ - $ - 
Hong Kong - - - 
China 741,705 516,611 992,679
741,705 516,611 992,679
Deferred tax provision:
Cayman Islands - - - 
Hong Kong - - - 
China ( 64,284) 21,160 42,568
( 64,284) 21,160 42,568
Income tax provision $ 677,421 $ 537,771 $ 1,035,247
The following table reconciles the Company’s effective income tax rate for the years ended March 31, 2025, 2024 and 2023:
For the years ended March 31,
2025 2024 2023
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Statutory income tax rate 28.7 25.0 25.0
Effect of tax holiday and preferential tax rate ( 8.3) ( 8.1) ( 6.9)
Effect of adjustment of prior year overpaid income tax ( 4.8) ( 6.2) 0.0
Effect of non-deductible expense 0.1 0.5 0.0
Effect of credit loss 0.7 ( 0.4) 0.0
Research and development tax credit ( 1.1) ( 0.9) ( 0.6)
Change in valuation allowance ( 0.9) 0.6 ( 0.1)
Effective income tax rate 14.4 10.5 17.4

F-