Delhi Govt estimates to collect Rs 20 crore from tax revenue
  • This Section
  • Latest
  • Web Wrap
Last Updated: Wednesday, March 23, 2011, 00:07
  
New Delhi: The city Government estimates to collect a total of Rs 20,246 crore from tax revenue in the financial year 2011-12, which is an increase of around 30 percent over the current fiscal.

The government had estimated to collect Rs 15,582 crore from various taxes in the year 2010-11 and officials said they are confident of meeting the target by end of the month.

Pegging the total budget estimate at Rs 27,067 crore, Chief Minister Sheila Dikshit said Rs 13,600 crore has been set aside for plan expenditure while the total non plan expenditure has been proposed at Rs 13,307 crore.

The total plan allocation is 50.2 per cent of the total outlay while the non plan expenditure would be 49.2 per cent.

An amount of Rs 160 crore has been allocated separately for centrally sponsored scheme, which is 0.6 per cent of the total outlay.

The proposed expenditure of the city government for the next fiscal will be funded from own tax revenue of Rs 20,246 crore, small savings loan of Rs 1,500 crore, own non tax revenue of Rs 448 crore, share in central taxes of Rs 325 crore, central plan assistance of Rs 1,258 crore, Rs 923 crore from other sources and remaining Rs 2,367 crore from the opening balence.

The fiscal deficit has been pegged at Rs 2,767 crore which is 1.63 per cent of the gross state domestic product (GSDP). The fiscal deficit was around Rs 3,116 crore for 2010-11.

The Chief Minister said the GSDP is likely to increase from Rs 2,17,851 crore in 2009-10 to Rs 2,58,808 crore in 2010-11, which will be a growth of 18.8 per cent.

Talking about tax revenue, Dikshit said government expects to collect Rs 2,300 crore from stamps and registration fees, Rs 14,500 crore from VAT, Rs 2,300 crore from excise tax, Rs 800 crore from taxes on motor vehicles and Rs 346 crore from luxury tax, entertainment tax and betting tax.

In the budget, the transport sector got the highest allocation of Rs 3,348 crore, followed by Rs 1,802 crore for health sector while education has been given Rs 1,247 crore.

PTI


First Published: Wednesday, March 23, 2011, 00:07


Tag: TaxrevenueDelhi
comments powered by Disqus