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State’s Own Tax Revenue 2023-24
May 16 , 2024
192 days
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- Tamil Nadu’s Own Tax Revenue stood at ₹1,52,030.77 crore in fiscal 2023-24.
- The State’s Own Tax Revenue (SOTR) increased marginally from ₹1,50,222.75 crore in the final accounts for 2022-23.
- SOTR contributes 75.6% of Tamil Nadu’s total revenue receipts.
- The SOTR estimates were revised to ₹1,70,147 crore for 2023-24 from the initial budget estimates of ₹1,81,182 crore.
- Among the SOTR components, State Goods and Services Tax (SGST) increased about 15.11% to ₹61,960.29 crore in 2023-24 from ₹53,822.72 crore in 2022-23.
- The State also saw its revenue from Stamps and Registration Fees increased about 8.3% to ₹19,013.36 crore in 2023-24 from ₹17,559.89 crore in 2022-23.
- Land revenue increased to ₹255.87 crore in 2023-24 from ₹247.48 crore in 2022-23.
- Revenue from Taxes on Sales, Trade etc (which includes VAT on petrol and diesel and liquor) increased to ₹60,026.96 crore in 2023-24 from ₹59,143.52 crore in 2022-23.
- The State Excise Duties increased to ₹10,774.29 crore in 2023-24 from ₹10,422.61 crore in the comparable period last year.
- Including these components, the State’s total revenue receipts stood at ₹2,62,382.45 crore in 2023-24.
- The total revenue receipts estimate for 2023-24 was revised to ₹2,72,576.80 crore.
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