New Delhi: Finance Minister Pranab Mukherjee on Monday indicated bold tax reforms and as a first step has done away with Fringe Benefit Tax, Commodities Transaction Tax and the 10 per cent surcharge on Personal Income Tax.
The following is glance at the government's receipts and expenditure as proposed in the Budget 2009-10:
Corporate Tax
Rs 256,725
Income Tax
Rs 112,850
Customs
Rs 98,000
Excise Duties
Rs 106,477
Service Tax
Rs 65,000
Other Taxes and Duties
Rs 2,027
Total Non-Tax Revenue
Rs 140,279
Less States' Share
Rs 164,361
Less Contingency Fund
Rs 2,500
Total Tax Revenue
Rs 614,497
Interest Payments
Rs 225,511
Defence
Rs 86,879
Subsidies
Rs 111,276
Grants to States & UTs
Rs 48,570
Pension
Rs 34,980
Other heads
Rs 188,473
Total Non-Plan Expenditure
Rs 695,689
Central Plan
Rs 200,290
Assistance for State & Territory Plans
Rs 78,108
State Plan
Rs 74,362
UT Plan
Rs 3,746
Central Plan
Rs 39,550
Assistance for State & Terrirtory Plans
Rs 7,201
State Plan
Rs 5,705
UTs Plan
Rs 1,496
Total Plan Expenditure Rs 3,25,149 crore. Total Budget support: For Central plan: Rs 2,39,840 crore. Total Central assistance: For state and UT plans: Rs 85,309 crore. Total expenditure: Rs 10,20,838 crore.
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