Non Tax Revenue

As the Union Budget 2025 approaches, it is crucial to understand how the government earns its revenue from taxes and non-tax sources. Here's a breakdown

With such fiscal pressures on the Centre's finances, it is necessary for the finance ministry to explore non-tax areas to raise revenue

The divestment target has been set at Rs 50,000 crore, similar to previous years

The budget estimates revenue collection from the Petroleum sector at Rs 14,922 crore

Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs

Earlier this month, finance minister for state Bhagwat Karad said that the Centre was confident of meeting the fiscal deficit target of 5.9% in FY24

Out of the total revenue, Rs 2,097,368 crore is tax revenue (net to Centre), Rs 286,151 crore is non-tax revenue, and Rs 72,187 crore is Non-Debt Capital Receipt

The Delhi government has undertaken an exercise to revise user charges for services provided by its various departments and agencies with the aim to augment non-tax revenue, officials said on Wednesday. The Finance department wrote to all additional chief secretaries, principal secretaries and secretaries earlier this month, asking them to furnish the details of user charges being collected for different services, they said. A Finance department circular noted the need to augment non-tax revenue in view of the "stretched state finances" due to the impact of COVID-19 in 2021-22 and the non receipt of GST compensation from the Centre since July 2022. "In this context, a need has arisen to augment non-tax revenue, which is currently at only 1.69 per cent and 1.35 per cent of total revenue collection of Delhi government during financial year 2020-21 and 2021-22, respectively," said the circular. The major components of non-tax revenue are interest charged on loans or advances, dividend

Officials said deferred spectrum charges to be paid by telcos also make up a large chunk of the expected revenues

In an interview with Ruchika Chitravanshi, Rajiv Memani, chairman and managing director of EY India, said that there is a strong enabling environment for private sector investment

Micro, small and medium enterprises will continue to avail all non-tax benefits in their respective categories post re-classification for three years, the government said on Wednesday. The Ministry of MSME has notified that in case of re-classification in terms of investment in plant and machinery or equipment or turnover or both, and consequent re-classification, an enterprise shall continue to avail of all non-tax benefits of the category it was in before the re-classification for three years from the date of the such upward change. "This decision has been taken after due deliberations with MSME stakeholders and is in line with the Aatma Nirbhar Bharat Abhiyan. The Ministry of MSME, Government of India, has allowed those registered MSMEs to continue to avail of non-tax benefits for three years, instead of one year, in case of an upward graduation in their category and consequent reclassification," an official statement said. Non-tax benefits include benefits of various government

The total non-tax revenue target for the year is Rs 2.69 trillion, while that for disinvestment is Rs 65,000 crore

Non-tax revenue came in at Rs 49,251 crore, or 18.3 per cent of the full year target of Rs 2.69 trillion, compared with 48 per cent for the same period last year

The Reason: Fall in contribution from telcos and lower dividend from RBI

The govt is now giving final touches to the contours of Union Budget 2022. The Budget can be classified into two parts -- the Capital Budget and the Revenue Budget. Find out what is Revenue Budget

In comparison, the Manmohan Singh government earned about Rs 99,000 crore in its first seven years from FY05 to FY11

36 paise from borrowings and other liabilities for every rupee in the government coffer

Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues

The central government has so far collected non-tax revenue of Rs 84,023.78 crore during the ongoing financial year, Minister of State for Finance Anurag Singh Thakur said on Sunday. In a written reply to a question in the Rajya Sabha, Thakur said the total corporate tax collection so far during this financial year is Rs 95,533 crore, while the total GST collection in the current financial year is Rs 3,59,112 crore. "The total non-tax revenue collected by the Central Government, so far, during this financial year is Rs 84,023.78 crore (Provisional)," he said. Thakur said the total market borrowings of the central government so far this financial year stands at Rs 7.06 lakh crore. Replying to a separate question, Thakur said the overall expenditure of Government of India stood at Rs 10,54,209 crore as on July 31, 2020. He also listed out few expenditure items related to fighting COVID-19 pandemic, including Rs 8,575.17 crore under 'India COVID-19 Emergency Response and Health Syste

Elaborating on the fiscal situation, the former finance secretary said that indirect taxes, GST, excise duty on petroleum products and customs will under-perform