Estimated Gross Tax Revenue Receipt of India in 2020-21 & 2021-22

The actual gross tax revenue receipt of India was Rs. 2,010,059.33 crores during 2019-20. We are expecting growth of 16.67% in gross tax revenue receipt of India to Rs. 2,217,059.27 crores for 2021-22 (budget estimates (BE)) against Rs. 1,900,279.83 crores for 2020-21 (revised estimates (RE)). The top 3 components with respect to gross tax revenue receipt of India for 2021-22 (BE) would be goods and services tax (GST), taxes on income and corporation tax.

The gross tax revenue receipt from ‘GST’ would be Rs. 630,000 crores in 2021-22 (BE), which would account 28.42% of the total BE of gross tax revenue receipt. There would be gross tax revenue receipt of Rs. 561,000 crore from ‘taxes on income’ in 2021-22 (BE). It would account 25.3% of the total BE of gross tax revenue receipt for the same period. The gross tax revenue receipt from ‘corporation tax’ would be Rs. 547,000 crores during 2021-22 (BE), which would account 24.67% of the total BE of gross tax revenue receipt.

During 2021-22 (BE), there would be gross tax revenue receipt of Rs. 335,000, 136,000, 7,059.27 and 1,000 crore from union excise duties, customs, taxes of union territories and service tax respectively.

Note: Figures are in Rs. Crores; # includes GST compensation cess; * This excludes a borrowings of Rs. 1, 10, 208 crore passed on to States as Loans on back to back basis in lieu of GST Compensation Cesses; ^ includes receipts from reserve funds, deposits and advances, etc; Receipt Budget, 2021-2022; The Budget data in machine readable format has been generated from Budget documents. In case of any inconsistency, the budget information provided at https://www.indiabudget.gov.in will be final.

Dataset URL: https://data.gov.in/node/6880351

Resource Title: Abstract of Receipt from 2019-20 to 2021-22