{"id":468790,"date":"2025-02-02T02:12:00","date_gmt":"2025-02-01T20:42:00","guid":{"rendered":"https:\/\/nagalandpost.com\/?p=468790"},"modified":"2025-02-02T02:12:01","modified_gmt":"2025-02-01T20:42:01","slug":"direct-indirect-taxes-comprise-66p-of-every-in-govt-coffer","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2025\/02\/02\/direct-indirect-taxes-comprise-66p-of-every-in-govt-coffer\/","title":{"rendered":"Direct, indirect taxes comprise 66p of every ` in govt coffer"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Around 24 paise will come from borrowings and other liabilities, 9 paise from non-tax revenue like disinvestment, and 1 paise from non-debt capital receipts, the Budget documents said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Direct taxes, including corporate and individual income tax will contribute around 39 paise, while income tax will yield 22 paise, while corporate tax will account for 17 paise, it said.<br>Among indirect taxes, goods and services tax (GST) will contribute the maximum 18 paise in every rupee of revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Besides, the government is looking to earn 5 paise out of every rupee from excise duty and 4 paise from customs levy.<br>The collection from \u201cborrowings and other liabilities\u201d will be 24 paise per rupee, as per the Union Budget 2025-26 presented in Parliament by Finance Minister Nirmala Sitharaman on Saturday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>The Budget documents provide a fractional break-up for Re 1 that comes in and gets spent.<br>On the expenditure side, the outlay for interest payments and states\u2019 share of taxes and duties, respectively, stood at 20 paise and 22 paise for every rupee.<br>Allocation for defence stands at 8 paise per rupee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Expenditure on central sector schemes will be 16 paise out of every rupee, while the allocation for centrally-sponsored schemes is 8 paise. The expenditure on \u2018Finance Commission and other transfers\u2019 is pegged at 8 paise. Subsidies and pension will account for 6 paise and 4 paise, respectively. The government will spend 8 paise out of every rupee on \u2018other expenditures\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-468790","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/468790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=468790"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/468790\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=468790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=468790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=468790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}