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Revenue from commercial taxes 2023-24
June 4 , 2024
27 days
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- Tamil Nadu government’s revenue from Commercial Taxes grew 47.19% to ₹1,26,005.92 crore in 2023-24 from ₹85,606.41 crore in 2020-21.
- An additional revenue of ₹40,399.51 crore has been generated in the three years.
- The Samadhan Scheme was launched in 2023 for the settlement of arrears of tax, penalty or interest pertaining to various taxes administered under Commercial Taxes.
- Under the scheme, tax dues up to ₹50,000 were waived off.
- A sum of ₹247.89 crore has been collected on tax dues of over ₹50,000 which is the highest when compared to previous schemes.
- The Commercial Taxes department also tied up with IIT-Hyderabad for Big data analytics to study the aspects of revenue losses and through this initiative.
- An additional revenue of ₹129.77 crore has been generated in the last four months.
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