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Centre receives Rs 18.5 lakh crore tax revenue upto Feb month

By TIOL News Service

NEW DELHI, MAR 28, 2024: THE Government of India has received Rs.22,45,922 crore (81.5% of corresponding RE 2023-24 of Total Receipts) upto February, 2024 comprising Rs.18,49,452 crore Tax Revenue (Net to Centre), Rs.3,60,330 crore of Non-Tax Revenue and Rs.36,140 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans Rs.23,480 crore and Miscellaneous Capital Receipts of Rs.12,660 crore. Rs.10,33,433 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs.2,25,345 crore higher than the previous year.

Total Expenditure incurred by Government of India is Rs.37,47,287 crore (83.4% of corresponding RE 2023-24), out of which Rs.29,41,674 crore is on Revenue Account and Rs.8,05,613 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.8,80,788 crore is on account of Interest Payments and Rs.3,60,997 crore is on account of Major Subsidies. 


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