For every rupee in the government kitten, 68 paise come from taxes
New Delhi, July 5 () For each rupee in the government treasury, 68 countries will come from direct and indirect taxes, while the share of taxes and tariffs of the states is the main responsible for expenses that represents 23 percent of the Total expense, budget documents showed.
According to the Budget for 2019-20 presented in the Parliament by the Minister of Finance Nirmala Sitharaman, the collection of the Tax on Goods and Services will contribute 19 countries in each income of rupees.
Corporate tax is the largest source of income and contributes with 21 countries to every rupee earned.
The collection of the loans and other obligations will be 20 paise, while the income tax will pay 16 paise for each collection of rupees.
The government intends to obtain 9 countries of non-tax revenues as disinvestment, 8 countries of special taxes of the Union, 4 countries of customs and 3 countries of capital receipts, not of debt in each collection of rupees.
On the expenditure side, the largest component of disbursement is the participation of the states in taxes and tariffs at 23 countries, followed by the payment of interest at 18 countries.
The allocation for the defense has remained unchanged in 9 countries.
The expenditure on schemes in the central sector will be 13 countries, while the allocation for central sponsorship schemes will be 9 countries.
The expense in the Finance Commission and other transfers is set at 7 countries. Subsidies and pensions would represent 8 paise and 5 paise, respectively, in each rupiah expense. The government will spend 8 paise on other expenses. BKS BKS MR MR