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 Net Tax revenue ... a. Rs 1900 Crores b. Rs 2200 Crores c. Rs 2900 Crores d. Rs 3800 Crores Ans - b Solution : Net Tax Revenue = Gross tax revenue - NCCD transferred to the National Calamity Contingency fund - 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 transferred to the National Calamity Contingency fund - state share = 2900-200-500 = 2200 Crores