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Tamil Nadu’s own tax revenue 2023
December 18 , 2023
348 days
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- The Reserve Bank of India released a report titled ‘State Finances: A Study of Budgets of 2023-24’.
- The contribution of State’s own tax revenue (SOTR) to Tamil Nadu’s overall tax revenue has been stable at over 70%.
- As per data, SOTR accounted for 78.8% of Tamil Nadu’s total tax revenue during the pre-GST period of 2015-16 to 2016-17.
- During the post-GST and pre-COVID period of 2018-19-2019-20, the share of SOTR stood at 79.1%.
- Post-COVID, the SOTR share was 78.9%.
- The SOTR is more than 70% of total tax revenue in Haryana, Maharashtra, Telangana, Tamil Nadu, Gujarat, Karnataka, Kerala and Punjab.
- Less than 50% is in Bihar and Jharkhand.
- Uttar Pradesh share of SOTR is ranged from 45.6%-54%, while that of Madhya Pradesh, it was around 50-51%.
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