New Delhi: Finance Minister Pranab Mukherjee on Monday indicated bold tax reforms and as a first step has done away with Fringe Benefit Tax, Commodities Transaction Tax and the 10 per cent surcharge on Personal Income Tax.
The following is glance at the government's receipts and expenditure as proposed in the Budget 2009-10:
RECEIPTS: BUDGET ESTIMATES (cr) |
|
Corporate Tax |
Rs 256,725 |
Income Tax |
Rs 112,850 |
Customs |
Rs 98,000 |
Excise Duties |
Rs 106,477 |
Service Tax |
Rs 65,000 |
Other Taxes and Duties |
Rs 2,027 |
Total Non-Tax Revenue |
Rs 140,279 |
Less States' Share |
Rs 164,361 |
Less Contingency Fund |
Rs 2,500 |
Total Tax Revenue
|
Rs 614,497 |
EXPENDITURE (NON-PLAN) |
|
Interest Payments |
Rs 225,511 |
Defence |
Rs 86,879 |
Subsidies |
Rs 111,276 |
Grants to States & UTs |
Rs 48,570 |
Pension |
Rs 34,980 |
Other heads |
Rs 188,473 |
Total Non-Plan Expenditure
|
Rs 695,689 |
EXPENDITURE (PLAN): BUDGET ESTIMATES (cr)
|
|
Central Plan |
Rs 200,290 |
Assistance for State & Territory Plans
|
Rs 78,108 |
State Plan |
Rs 74,362 |
UT Plan |
Rs 3,746 |
CAPITAL EXPENDITURE:
|
|
Central Plan |
Rs 39,550 |
Assistance for State & Terrirtory Plans
|
Rs 7,201 |
State Plan |
Rs 5,705 |
UTs Plan |
Rs 1,496 |
Total Plan Expenditure Rs 3,25,149 crore. Total Budget support: For Central plan: Rs 2,39,840 crore. Total Central assistance: For state and UT plans: Rs 85,309 crore. Total expenditure: Rs 10,20,838 crore.
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