In the financial modeling series we covered term loan schedule followed by depreciation schedule and then financial model. We did not cover tax schedule in detail. So here it is, it talks about the current tax, minimum alternative tax (MAT) , deferred tax and MAT credit.
The tax modeling is complex element of financial model and it will require practice on your part.
The changes done in earlier financial model are highlighted in green color
the link to file :
Here is the link I referred for completing the tax schedule, it explains the concept in detail