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Tamil Nadu’s own tax revenue 2024-25
November 9 , 2024
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- Tamil Nadu’s Own Tax Revenue grew about 14% to ₹86,975.28 crore in the first half of fiscal 2024-25.
- It was ₹76,257.13 crore in the first half of 2023-24.
- The State’s Own Tax Revenue (SOTR) accounts for 75.6% of Tamil Nadu’s total revenue receipts.
- The State Goods and Services Tax (SGST) collection grew 20.12% to ₹35,414.05 crore in the first half of 2024-25.
- This was ₹29,481.97 crore in the comparable period last year.
- 24.4% of the revenue receipts comes from the share in Central taxes and grants-in-aid from the Union government.
- The revenue deficit came in at ₹28,717.51 crore in the first half of 2024-25.
- So far in 2024-25 (till August), Tamil Nadu was the top borrowing State with gross market borrowings was ₹41,000 crore.
- Tamil Nadu was followed by Andhra Pradesh and Maharashtra with the gross borrowings of ₹40,000 crore each.
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