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How Rupee comes and goes

 [IST]
New Delhi, Feb 28 (UNI) Of the every rupee that comes from the government exchequer, Corporation Tax accounts for the maximum with 21 paise, followed by Borrowings and Other Liabilities (19 paise, Excise (17 paise), Income Tax (12 paise) and Customs (12 paise).

Non-tax revenue contributes 10 paise, Servive Tax and Other taxes 7 paise and Non-debt Capital Receipts 1 paise.

In other words, receipts account for 81 paise and borrowings 19 paise for the every rupee that comes from the government exchequer.

This was stated by Finance Minister P. Chidambaram while presenting the General Budget 2007-08 in the Lok Sabha today.

For the every rupee that goes to the government exchequer, Central Plan and Interest account for 20 paise each.

These are followed by States' share of taxes and duty (18 paise), Defence (12 paise), Other Non-Plan Expenditure (11 paise), Subsidies (7 paise) and Non-Plan Assistance to States and UT Governments (5 paise).

UNI
Topics: BUDGET-RUPEE
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