Blog 29: How does Indian Government Earns and Spends it's Money.

Indian Government Revenue Earnings and Spending Streams:


1.Revenue Streams:

Corporate Tax = 15% 

Income Tax = 15% 

GST = 17%

Excise Duties = 7%

Non-Tax Receipts = 6%

Customs Duties = 4%

Non-Debt Capital Receipts = 2%

Borrowings = 34%


2.Spending:

Interest Payments = 20%

States Shares in Taxes = 18%

Central Schemes = 17%

Centrally Sponsored Schemes = 9%

Finance Commission & Transfers = 9%

Defence = 8%

Subsidies = 7%

Pensions = 4%

Others = 8%




Social Media Links and Mail id:

Twitter:
https://twitter.com/1harshach?s=20

LinkedIn:
https://www.linkedin.com/in/harsha-chennuboina-2b9b7a235/

GMail:
Capitallife999@gmail.com


Location: Mumbai, Maharashtra, India

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