<p>New Delhi: For every rupee in the government coffer, 63 paise will come from direct and indirect taxes, 28 paise from borrowings and other liabilities, 7 paise from non-tax revenue like disinvestment and 1 paise from non-debt capital receipts, according to the interim Budget 2024-25 documents.</p><p>Of the total, 36 paise will come from direct taxes which include corporate and individual income tax. Income tax will yield 19 paise, while corporate tax will account for 17 paise.</p><p>Among indirect taxes, Goods and Services Tax (GST) will contribute the maximum 18 paise in every rupee of revenue. Besides, <a href="https://www.deccanherald.com/business/union-budget/union-budget-2024-key-takeaways-nirmala-sitharaman-speech-main-points-2874708">the government </a>is looking to earn 5 paise out of every rupee from excise duty and 4 paise from customs levy.</p><p>The collection from 'borrowings and other liabilities' will be 28 paise per rupee, as per the interim Budget 2024-25 presented in Parliament by Finance Minister Nirmala Sitharaman on Thursday.</p><p>The budget documents provide a fractional break-up for around Re 1 that comes in as well as gets spent.</p><p>On the expenditure side, the outlay for interest payments and states' share of taxes and duties stood at 20 paise each for every rupee.</p><p>Allocation for defence stands at 8 paise per rupee.</p><p>Expenditure on central sector schemes will be 16 paise out of every rupee, while the allocation for centrally-sponsored schemes is 8 paise.</p><p>The expenditure on 'Finance Commission and other transfers' is pegged at 8 paise. Subsidies and pension will account for 6 paise and 4 paise, respectively.</p><p>The government will spend 9 paise out of every rupee on 'other expenditures'.</p>
<p>New Delhi: For every rupee in the government coffer, 63 paise will come from direct and indirect taxes, 28 paise from borrowings and other liabilities, 7 paise from non-tax revenue like disinvestment and 1 paise from non-debt capital receipts, according to the interim Budget 2024-25 documents.</p><p>Of the total, 36 paise will come from direct taxes which include corporate and individual income tax. Income tax will yield 19 paise, while corporate tax will account for 17 paise.</p><p>Among indirect taxes, Goods and Services Tax (GST) will contribute the maximum 18 paise in every rupee of revenue. Besides, <a href="https://www.deccanherald.com/business/union-budget/union-budget-2024-key-takeaways-nirmala-sitharaman-speech-main-points-2874708">the government </a>is looking to earn 5 paise out of every rupee from excise duty and 4 paise from customs levy.</p><p>The collection from 'borrowings and other liabilities' will be 28 paise per rupee, as per the interim Budget 2024-25 presented in Parliament by Finance Minister Nirmala Sitharaman on Thursday.</p><p>The budget documents provide a fractional break-up for around Re 1 that comes in as well as gets spent.</p><p>On the expenditure side, the outlay for interest payments and states' share of taxes and duties stood at 20 paise each for every rupee.</p><p>Allocation for defence stands at 8 paise per rupee.</p><p>Expenditure on central sector schemes will be 16 paise out of every rupee, while the allocation for centrally-sponsored schemes is 8 paise.</p><p>The expenditure on 'Finance Commission and other transfers' is pegged at 8 paise. Subsidies and pension will account for 6 paise and 4 paise, respectively.</p><p>The government will spend 9 paise out of every rupee on 'other expenditures'.</p>