Non Tax Revenue In Budget

Definition of non tax revenue definition.

Non tax revenue in budget. The statement summarizes the estimates of non tax revenue for budget 2019 20. There are two types of revenues generated by the government nontax revenue and tax revenue. The government had projected to generate rs150 billion through privatization programme in budget for the year 2019 2020. Thus it cannot be termed as revenues.

The non tax revenue collection was some hope for the economic team to curtail the budget deficit after facing shortfall in taxes. The difference between tax revenue and non tax revenue is that the former is charged on income earned by an entity which is a direct tax and on the value of transaction of goods and services which falls under indirect tax. Tax revenue is charged on income earned by an individual or an entity direct tax and on the value of transaction of goods and services indirect tax. The estimates of non tax revenue receipts include various sources such as return on assets in form of dividend and profits interest fees fines and miscellaneous receipts collected in the exercise of sovereign functions regulatory charges license fees and user charges for public goods and services.

States 0049 7362 66 5494 94 4610 63 5313 20 1. Receipt budget 2018 2019 7 non tax revenue in crores major head actual 2016 2017 budget 2018 revised budget 2019 interest receipts dividends and profits 1. 6 receipt budget 2020 2021 non tax revenue non tax revenue in crores tax revenue major head actual 2018 2019 budget 2019 2020 revised 2019 2020 budget 2020 2021 interest receipts dividends and profits 1. Union territories with legislature 0049 39 24 364 40 367 40 367 40.

Non tax revenue is the recurring income earned by the government from sources other than taxes. On the other hand non tax revenue is. For example when the government of india borrows money from the world bank this will result in an increase in liabilities.