federal budget india

8/12/2019 Federal Budget India

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Smita

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Budget Making Process Stage I1. An Estimation of Expenditure is made by various Ministries.2. An estimation of Plan expenditure is prepared by the Planning

commission.

Stage II1. An Assessment of Revenue receipts and apital receipts is made

by the Revenue Secretary.

Stage III1. !irst estimates of "eficit are prepared.

Stage IV1. #he #ax rates are revised or ne$ taxes are proposed.2. Expenditures are ad%usted.

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How Budget is prepared? &o$ the 'ndian (udget is prepared ) Sify*com.h

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http://how%20the%20indian%20budget%20is%20prepared%20-%20sify_com.htm/http://how%20the%20indian%20budget%20is%20prepared%20-%20sify_com.htm/


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Revenue Receipts and RevenueExpenditure Tax Revenue1. 'ncome #ax2. orporate #ax+. ,ealth tax

-. entral Excise "uties. ustom duties/. Service #ax and others.

Non Tax Revenue

1. 'nterest Receipts2. "ividend and profits of

PS0s and othergovernment bodies

Non Plan Expenditure1. 'nterest Payments2. "efence payments+. Subsidies

-. Pension. Postal "eficit/. Expenditure on Economic

3eneral and socialservices etc.

Plan Expenditure

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Current Tax Rates 2!!"#!$%

current tax rates.htm

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http://current%20tax%20rates.htm/http://current%20tax%20rates.htm/


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Revenue Receipts o' Centra()overn*ent

+n Crores%HeadHead 1$&!#&11$&!#&1 1$"!#1$"!#

"1"12!!1#!22!!1#!2 2!!,#!-2!!,#!-

BudgetBudget2!!"#!$2!!"#!$BudgetBudget

Tax TaxRevenuRevenu

ee

3&-3&- $.3$!$.3$! 1.33.,,1.33.,,!!

3.2-.2!3.2-.2!!!

&.!-.1&&.!-.1&!!

/on/on#Tax#Tax

RevenuRevenuee

4$4$ 3.44!3.44! ,-.-$!,-.-$! -,.2,!-,.2,! $&.-"&$&.-"&

Tota( Tota( 4!,4!, 12."3!12."3! 2.!1.4&2.!1.4& 4.!3.4,4.!3.4, ,.!2.$3,.!2.$3 ,


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Budget o' Centra( )overn*entRevenue ccount +n crores%

HeadHead 1$&!#&11$&!#&1 1$"!#1$"!#"1"1

2!!1#!22!!1#!2 2!!,#!-2!!,#!-5udget5udget

2!!"#!$2!!"#!$5udget5udget

2!!"#!$2!!"#!$ctua(ctua(

RevenueRevenuereceiptsreceipts 4!,4!, 12."3!12."3! 2.!1.4&!2.!1.4&! 4.!3.4,!4.!3.4,! ,.!2.$3&,.!2.$3& &.,2.1-3&.,2.1-3

RevenueRevenueExpenditureExpenditure

34-34- 14.&4!14.&4! 3.!1.,1!3.!1.,1! 4."".1$!4."".1$! ,.&".11$,.&".11$ ##

urp(us6urp(us6e'icite'icit

7&$7&$ #1.-1!#1.-1! ##1.!!.1,!1.!!.1,!

#"4.-3!#"4.-3! #&&.1"4#&&.1"4 ##

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Capita( Receipts andExpenditure Receipts

1. Recovery of 4oans2. "isinvestment of

PS0s+. (orro$ings

Non Plan Expenditure

1. 4oans to States 0#!oreign 3overnments

and PS0 s.2. "efence capital

expenditure

Plan Expenditure

$


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Capita( Receipts6 Expenditure o'Centra( )overn*ent

1$&!#1$&!#&1&1

1$"!#1$"!#"1"1

2!!1#!22!!1#!2 2!!,#!-2!!,#!-5udget5udget

2!!"#!$2!!"#!$BudgetBudget

2!!"#!$2!!"#!$ctua(ctua(

Capita(Capita(ReceiptsReceipts

12!12! ".--!".--! 1.,1.!!!1.,1.!!! 1.,!.&3!1.,!.&3! 1.4-.$4$1.4-.$4$ 3.3".-"!3.3".-"!

Capita(Capita(ExpenditurExpenditur

ee

1"21"2 $.,3!$.,3! ,!."4!,!."4! -&."!!-&."!! $2.-,&$2.-,& ##

urp(us 6urp(us 6e'icite'icit

#,2,2 # ",!# ",! 771.!!.1,!1.!!.1,!

7 "4.-3!7 "4.-3! 7&&.1"47&&.1"4 ##

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ources and 8ses o'9unds !"#!$%

Source1. orporation tax 5 2-6

2. ustoms 5 1+6+. 7on tax Revenue 5 186-. 7on)"ebt apital Receipts 5 26. 'ncome #ax )1 6/. Service 9 :ther taxes 5 ;6;. Excise 5 1 6


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ctua(Receipts6Expenditures

Receipts.htmExpenditure.htmentral Plan outlay by sectors.htm

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http://receipts.htm/http://expenditure.htm/http://central%20plan%20outlay%20by%20sectors.htm/http://central%20plan%20outlay%20by%20sectors.htm/http://expenditure.htm/http://receipts.htm/


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e'icit in Budget Revenue Deficit = Revenue Rec. 5 Revenue Exp.

Capital Deficit = apital Rec. 5 apital exp.

Budget Deficit = #otal Exp. 5 #otal Rec.

iscal Deficit = #otal Exp. 5 >RR ? Recovery of 4oans ? "isinvestment !unds@

Pri!ar" Deficit = !iscal "eficit 5 'nterestobligations of the government

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etai(s o' ctua( Budget

(udget at 3lance.htm(udget288


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Budget 2!!"#!$ : RevisedEsti*ates

#ead $%%&'%( )Budget* $%%&'%( )Revised*

Revenue Receipts / 82 =+ /2 1;+

apital Receipts 1 -; =-= + +< ;


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; at is 9RBM?

So!e targets to ,e ac+ieved ,"$%%( no- Postponed to $%../

1. #o bring do$n !iscal "eficit to the levelof +6 of 3"P

2. #o completely eliminate Revenue"eficit

1-


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Hig (ig ts o' Budget2!!"#!$ /8 888 r. 4oan $aiver for small and medium farmers having

holding siCe up to 2 hectare. Settlement >:#S@ for other.'ncome tax slabs modified . 7o tax up to income of 1 8 888. !or!emales same up to income of 1


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Budget Hig (ig tsExcise%3eneral E7DA# on all goods do$n from 1/6 to 1-6.

Excise lo$ered on small cars t$o $heelers buses and theirchassis> 1/6 to [email protected] in excise duty on all goods produced by thePharmaceutical sector from 1/6 to 126 to


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Budget Hig (ig ts

1. orporation #ax 5 222. 7on #ax Revenue 5 18+. ustoms 5 18-. 'ncome #ax 5 12. Service #ax and :thers 5 //. Excise 5 18;. 7on "ebt apital Receipt 5 1


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'nterim (udget Speech.pdf

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http://interim%20budget%20speech.pdf/http://interim%20budget%20speech.pdf/


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2!!$#1! : BudgetHig (ig ts1. 4aunch of t$o ne$ schemes 5 'ndira 3andhi 7ational

,ido$ Pension Scheme and 'ndira 3andhi 7ational"isability Pension Scheme

2. 7ational Rural Employment 3uarantee Scheme 5

Allocation of Rs. +8 188 cr +. Sarva ShiBsha Abhiyan 5 Rs. 1+ 188 cr -. Mid "ay Meal Scheme 5 Rs.


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2!!$#1! : BudgetHig (ig ts;. Ra%iv 3andhi Rural "rinBing ,ater Mission 5 Rs. ; -88 cr


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9isca( ti*u(us Package

"ecember ; 288

federal budget india

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