Laws 4 India - Budget 2003-2004 - Budget at a Glance

(In Crore of Rupees)
	2002-2003 Budget Estimates	2002-2003 Revised Estimates	2003-2004 Budget Estimates
1. REVENUE RECEIPTS
1. Tax Revenue
Gross Tax Revenue	235800	221918	251527
Union Excise duties	91433	87383	96791
Customs	45193	45500	49350
Corporation tax	48616	44700	51499
Income tax	42524	37300	44070
Service tax	6026	5000	8000
Taxes of the Union Territories	513	540	557
Other taxes and duties	1495	1495	1260
Less surcharge on Union taxes/duties transferred to the National Calamity Contingency Fund	1600	1600	3600
Less States' Share	61235	56141	63758
Net Tax Revenue	172965	164177	184169
2. Non -Tax Revenue
Interest receipts	41660	40571	39160
Dividend and profits	18805	20194	17861
External grants	859	982	1461
Other non-tax revenue	10308	10489	10738
Receipts of Union Territories	508	523	546
Total Non-Tax Revenue	72140	72759	69766
Total Revenue Receipts	245105	236936	253935
2. CAPITAL RECEIPTS@
Recoveries of Loans*	17680	18251	18023
Market borrowings #
Other short, medium & long term loans	95859	112865	107194
External assistance	770	-13496	3582
Disinvestment of equity holding in public sector enterprises	12000	3360	13200
Securities against Small Savings	8000	...	...
State Provident Funds	10000	8500	7500
Special deposits	9898	10280	9970
Others	10997	22019	25391
Draw-down on cash balance	...	5298	...
Total Capital Receipts	165204	167077	184860
TOTAL RECEIPTS**	410309	404013	438795
* excludes recoveries of short-term loans and advances from States and loans to Government servants, etc	2400	3930	2500
* The amount of surcharge transferred to NCCF will be limited to the surcharge on Union duties. @ The receipts are net of repayments. # These include 364 days' Treasurey Bills, etc. ** Excludes receipts offset by matching expenditure ( Details in Receipts Budget)