Untitled Document

	1998-99 Budget Estimates	1998-99 Revised Estimates	1999-2000 Budget Estimates
REVENUE RECIEPTS
1. Tax Revenue
Gross Tax Revenue	157711	148700	176860#
Corporation Tax	26550	27050	30850
Income-Tax	20930	21430	26910
Interest-Tax	920	920	1000
Expenditure Tax	300	300	330
Wealth Tax	145	145	145
Gift Tax	10	9	...
Customs	48148	42648	50369
Union Excise Duties	57690	53200	63865
Service Tax	1867	1950	2300
Other taxes and duties	867	742	779
Taxes of Union Territories	284	306	312
Less States' Share	40854	39163	44495
Income-Tax	13946	14498	16987
Union Excise Duties	26908	24665	27508
Net Tax Revenue	116857	109537	132365
2. Non-Tax Revenue
Interest Receipts	27954	30544	33034
Dividends and Profits	7373	7537	9483
External Grants	1054	813	715
Other non-tax revenue	8425	8876	6872
Receipts of Union Territories	331	358	371
Total Non-Tax Revenue	45137	48128	50475
Total Revenue Receipts	161994	157665	182840
# Incorporates the effect of Budget proposals as below:-
Corporation-tax	1100
Personal Income Tax	2000
Union Excise Duties@	4765
Customs@	1469
Total	9334

@ 30% of the additional excise & customs duties on diesel to the extent of Rs.0.50 per litre would be transferred by appropriation to the States for development & maintenance of State roads. As a result, the net gain to the States would be Rs.442 crore.

	1998-99 Budget Estimates	1998-99 Revised Estimates	1999-2000 Budget Estimates
3. CAPITAL RECEIPTS@
Recoveries of loans1	9908	11504	11087
Market Borrowings#	48326	64911	57461
External Assistance	2337	910	845
Disinvestment of equity holdings in public sector enterprises and Departmental Commecial Underakings	5000	9000	10000
Issue of bonus shares	...	6	...
Small Savings, PPF and Deposit scheme for retiring employees	21640	29000	...
Securities against Small Savings	...	...	8000
State Provident Funds	5350	5350	6000
Special deposits	9495	9238	10460
Others	3877	-8905	-2811
Draw-down of cash balance	...	3233	...
Total Capital Receipts	105933	124247	101042
TOTAL RECEIPTS2	267927	281912	283882
1. excludes recoveries of short-term loans and advances from States and loans to Government servants, etc.	1651	2586	2250
2. excludes receipts offset by matching expenditure (Details in Annexure 12 to Receipts Budget, 1999-2000).
@ The receipts (other than recoveries of loans) are net receipts: gross receipts minus repayments.
# These include Zero Coupon Bonds, loans in conversion of maturing Treasury Bills, 364 days Treasury Bills, etc