Given, Corporation tax - Rs. 500 Crores Income tax - Rs. 400 Crores Other taxes and

Given, Corporation tax - Rs. 500 Crores Income tax - Rs. 400 Crores Other taxes and duties - RS. 200 Crores Customs - RS. 500 Crores Union exercise tax - Rs. 400 Crores Service tax - Rs. 700 Crores Tax of union territories- Rs. 200 Crores Interst receipt - Rs. 500 Crores Devident & profit - Rs. 800 Crores External grant - Rs. 200 Crores Other non tax revenue - Rs. 900 Crores State Share - Rs. 500 Crores Receipt of union territories - Rs. 700 Crores Trf to NCCD (National calamity Contingency fund. - Rs. 200 Crores calculate Total Revenue Receipt ... a. Rs 5100 Crores b. Rs 5300 Crores c. Rs 5500 Crores d. Rs 5700 Crores Ans - b Solution : Total Revenue Receipt = Net Tax Revenue + Total Non Tax Revenue Let us first calculate Net Tax Revenue, NTR=GTR-NCCD-State share Gross Tax revenue = Corporation Tax + Income tax + other tax & duties + customs + union excise duties + service Tax + taxes on union territories = 500+400+200+500+400+700+200 = 2900 Crores Net Tax Revenue = Gross tax revenue - NCCD - state share = 2900-200-500 = 2200 Crores Now, let us calculate Total Non Tax Revenue, Total Non Tax Revenue = Interest Receipt + Dividend & profit + External grants + other Non-Tax revenue + Receipt of union territories = 500+800+200+900+700 = 3100 Crores So, Total Revenue Receipt = Net Tax Revenue + Total Non Tax Revenue Total Revenue Receipt = 2200 + 3100 = 5300 Crores