Physicswallah Tax Demand Reduced to 192.76 Cr; Company Appeals

Physicswallah Limited announced an update on an income tax order. Following a rectification application under Section 154 of the Income-tax Act, 1961, the initial tax demand of 263.34 crore has been reduced to 192.76 crore. The company received this revised order on April 13, 2026. Physicswallah has subsequently filed an appeal against this reduced demand before the appropriate appellate authority, believing it has strong legal and factual grounds to contest the balance. The company stated that this order is not expected to have any material impact on its financial position, operations, or business activities.