RMC Limited operates a defined retirement benefits plan on behalf of its current and former employees. It receives advice from actuaries regarding…

RMC Limited operates a defined retirement benefits plan on behalf of its current and former employees. It receives advice from actuaries regarding contribution levels and overall liabilities of the plan to pay benefits. On 1 st April, 2024, the actuaries advised that the fair value of the plan assets in respect of the defined retirement benefits plan of RMC Limited stood at 25,00,000/- On 30 th September, 2024, the plan paid out benefits of 4,75,000/- and received inward contributions of 12,25,000/-. On 31 st March, 2025, the actuaries assessed the present value of the defined benefit obligation at 36,98,000/-. On the same day the fair value of plan assets was - 37,50,000/-. Actuarial losses on the obligations for the year 2024-25 were - 15,000/-. On 1 st April, 2024, the company made the following estimates, based on its market studies and prevailing prices: % Interest and dividend income (after tax) payable by the fund 9.75 Realized gains on plan assets (after tax) 2.50 Fund administrative costs (2.00) Expected rate of return (Interest is compounded half yearly) 10.25 You are required to ascertain the expected and actual returns on plan assets.