For the year ended 31 March 20x5, Banne Ltd had an operating profit before tax of $660,000. Income tax has been estimated at $270,000 for the recent financial year ( 20x4). Income tax had been estimated at $228,000 but it was subsequently agreed at $243,000. A transfer to credit of the deferred taxation account of $96,000 will be made in 20x5.

a) Calculate the tax on profit for the disclosure in the account

b) Calculate the amount of tax payable for 20x5

c) Explain the difference between current tax and deferred tax