Revenue Receipts Union Budget
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A large contribution to tax revenue was made by corporation tax which stood at rs 5 38 lakh crore.
Revenue receipts union budget. Analysis of tax and non tax revenue receipts included in annex 1 21 3. Revenue receipts and capital receipts. Analysis of tax and non tax revenue receipts included in annexure 1 3. The government posted total receipts to the tune of rs 21 2 lakh crore in union budget 2017.
This is a significantly higher amount from the rs 19 3 lakh crore posted in union budget. Reconciliation between estimates of receipts shown in annual financial statement and receipts budget 4. Government receives interest on loans given by it to state governments union territories private enterprises and general public. The estimates include the effect of budget proposals.
Read to know all about the union budget of india. Non tax revenue iii. Union budget 2019 20 i tax revenue tax revenue statement summarizes by broad categories the estimates of tax receipts for 2019 20. Statement showing state wise distribution of net proceeds of union taxes.
What is the union budget. The union budget for 2017 18 presented a noticeable shift in more ways than one. Statement showing state wise distribution of net proceeds of union taxes and. Non tax revenue 7 13 iii capital receipts 14 19 annexes.
Read more about economic survey to revenue receipts. Revenue budget contains the government s revenue receipts and expenditure while the capital budget comprises of the government s capital receipts and payments. The difference between revenue receipt and revenue expenditure is known as revenue deficit. In union budget 2018 19 revenue receipt was estimated to be at rs 17 25 lakh crore and revenue expenditure was estimated to be at rs 21 lakh crore which worked out to a revenue deficit of rs 4 lakh crore.
Trends in receipts 2. When will budget 2019 be presented. The receipt budget is an extensive document prepared as a part of the union budget of india exercise to showcase the break up of the government s receipts from various. It gives details about.
Gross tax revenues for last year stood at rs 19 1 lakh crore. How is it prepared. It is classified into two parts revenue budget and capital budget. Faqs about union budget 2019 answered on business standard.
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