The Indian Budget 1996-97 The Indian Economy Overview

INDIAN FISCAL BUDGET ONLINE


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                                RECEIPTS

                                        1995-96  1995-96  1996-97
                                        Budget    Revised Budget
                                       EstimatesEstimatesEstimates

REVENUE RECEIPTS
1. TAX REVENUE
    Gross Tax Revenue                    103762   110354   132145

            Corporation Tax               15500    16250    19600

            Income Tax                    13500    15100    17843

            Interest Tax                   1000      900     1250

            Expenditure-tax Act,1987        175      175      190

            Wealth Tax                       90       90      110

            Gift Tax                         10       10       10

            Customs                       29500    35352    44435

            Union Excise Duties           42780    41000    46884

            Service Tax                     600      800      970

            Other Taxes and Duties          406      471      641

            Taxes of Union Territories      201      206      212

            Less States' Share            29388    29266    34835

            Income Tax                     9734    11288    13024

            Union Excise Duties           19654    17978    21811


     NET TAX REVENUE                      74374    81088    97310

2. NON-TAX REVENUE

         Interest Receipts                18419    18369    21393

         Dividends and Profits             2946     3229     4051

         External grants                   1154     1207      809

         Other Non-Tax Revenue             3698     6063     6537

         Receipts of Union Territories      196      235      245

    Total-Non-Tax Revenue                 26413    29103    33035

    Total Revenue Receipts               100787   110191   130345

3. CAPITAL RECEIPTS @

            Recoveries of Loans            6730     7411     7048

            Market Borrowings              3700     3700     3700

            Other Short, medium & long    23387    23800    21798
            term loans

            Gold Bonds, 1998                 65       59        0

            External Assistance            4456     1969     2461

            Disinvestment of equity holding in
            public sector enterprises      7000      357     5000

            Issue of bonus shares ?           0     1035        1

            Small Savings, PPF and Deposit Scheme
            for Retiring Government Emp    8000    13500    14000

            State Provident Funds          2000     2150     2250

            Special Deposits               8964     8563     9548

            Others                         2062     2669     1931

         Total-Capital Receipts           66364    65213    67737


    TOTAL RECEIPTS                       167151   175404   198082

1. excludes recoveries of short-term loans and
    advances from States and loans to
    Government servants, etc.              1132     1132     1135

2. excludes receipts offset by matching
    expenditure (Details in Annexure 12 to Receipts
    Budget, 1996-97)

3.  Of which
       Share of States & UTs               7000    10112    11000
       Net to Centre                       1000     3388     3000

 @ The receipts (other than recoveries of loans)
      are net receipts; gross receipts minus repayments

 # These include Zero Coupon Bonds and loans in
     conversion of maturing Treasury Bills,
     364 days Treasury Bills etc.

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