Revenue receipts comprise interest and dividends on investment made by the government. Revenue receipts and capital receipts together implies the government's total cash inflow.
India Budget: 1998-99
In the 1998-99 budget, Government of India estimated a net revenue increase of Rs.16,055 crore.
India Budget: 2007-08
The total estimated revenue receipt of 2007-08 is Rs.2144576 lakhs, which is Rs.1904283 lakhs more than the corresponding figure in 1990-91. The Taxes and Duties constitute Rs.1759128 lakhs and Non-tax revenues constitute 17.97% of the total Revenue. For the year 2006-07 (Revised), the corresponding figure of Taxes and Duties shared 80.13% of total revenue receipts and Non-tax revenue shared 19.87% of total revenue receipts. In comparison to the year 1990-91, the tax revenue increased by 863.06% and Non-Tax revenue increased by 568.80 percent.
Revenue receipts are arranged into two categories, namely Tax revenue and Non-tax revenue.
Tax Revenue
| Items
| Budget Estimates(In crore of Rupees)
|
| 2004-2005
| 2005-2006
|
| Corporation Tax
| 88436
| 110573
|
| Taxes on Income
| 50929
| 66239
|
| Service Tax
| 14150
| 17500
|
| Taxes of Union Territories
| 624
| 733
|
| Wealth Tax
| 145
| 265
|
| Customs
| 54250
| 53182
|
| Union Excise Duties
| 109199
| 121533
|
| Total - Tax Revenue
| 317733
| 370025
|
Non-Tax Revenue
| Items
| Budget Estimates(In crore of Rupees)
|
| 2004-2005
| 2005-2006
|
| Other Non-Tax Revenue
| 18973
| 28005
|
| Non-Tax Revenue of Union Territories
| 618
| 729
|
| Interest receipts, dividends and profits
| 55825
| 49000
|
| Total - Non-Tax Revenue
| 75416
| 77734
|
Custom revenues
| Items
| Budget Estimates(In crore of Rupees)
|
| 2004-2005
| 2005-2006
|
| Basic Duty
| 33206.00
| 27636.00
|
| Additional Duty of Customs on High Speed Diesel Oil
| 6.00
| 14.00
|
| Education Cess
| 750.00
| 1046.00
|
| National Calamity Contingent Duty
| 365.00
| 372.00
|
| Cesses on Exports
| 180.00
| 208.00
|
| Additional Duty of Customs(CVD)
| 19386.00
| 23110.00
|
| Other Receipts
| 355.00
| 796.00
|
| Total
| 54250.00
| 53182.00
|
Revenue receipts; Related terms
- Revenue budget: Revenue budget comprises the revenue expenditure and revenue receipts of the government.
- Revenue expenditure:It is related to day to day functioning of the business, like salaries and wages.
- Revenue surplus:It is the excess or surplus of revenue receipts over revenue expenditure.