DIDROS Company has a pretax income of P200,000. The following information was gathered:

Loss on expropriation of property 70,000

Non-deductible premium on life insurance premium key employees 12,000

Interest income received on government securities subjected to final tax 10,000

Excess of accelerated depreciation used in in taxation over straight line method used in financial reporting 20,000

Warranty expense accrued for financial reporting purposes but tax is deductible only when actually paid 30,000

Rent received in advance 16,000

Quarterly income tax payments (1st to 3rd quarter) 40,000

Tax rate 30% Beginning balance of taxable temporary difference 24,000

Beginning balance of deductible temporary difference 18,000.

What is the Deferred tax expense/benefit?