India Tax Revenue Analysis 2003-04
Tax revenue is the primary source of government income, comprising direct taxes (income tax, corporate tax) and indirect taxes (GST, customs, excise). The tax-to-GDP ratio reflects the efficiency of revenue collection and the breadth of the tax base.
Tax Revenue — 2003-04
1.87 lakh crore
Rs 1.87 lakh crore
Previous Year (2002-03)
1.59 lakh crore
Year-over-Year Change
+17.9%
Tax Revenue — 5-Year Trend
| Year | tax Revenue | total Rev Receipts |
|---|---|---|
| 2000-01 | Rs 1.36 lakh crore | Rs 1.93 lakh crore |
| 2001-02 | Rs 1.34 lakh crore | Rs 2.01 lakh crore |
| 2002-03 | Rs 1.59 lakh crore | Rs 2.31 lakh crore |
| 2003-04 | Rs 1.87 lakh crore | Rs 2.64 lakh crore |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2003-04
Total Expenditure
4.71 lakh crore
Total Receipts
4.6 lakh crore
Capital Expenditure
1.09 lakh crore
Tax Revenue
1.87 lakh crore
Fiscal Deficit
4.5% of GDP
Interest Payments
1.24 lakh crore