With increase in Tax, Nontax and other revenue collections, the State has collected a total Revenue Receipts of Rs 14,672 crore during the first quarter of the current fiscal, recording 39 per cent increase over the corresponding period of 2014-15 fiscal.
Meanwhile, keeping in view a slow fund flow from the Centre, the State Government has scaled up revenue collection target to Rs 32,156 crore from Rs 30,293 crore in the Budget Estimate (BE) for the year 2015-16.
The State has collected Own Tax of Rs 4935 crore as on 30 June 2015, which is 44 per cent of Rs 3,427 crore collected in corresponding period of 2014. During this period Sales Tax collection stood at Rs 2456 crore against Rs 2091 crore collected in the corresponding period of the last fiscal.
Similarly, Excise Revenue collection recorded a growth over 38 per cent with Rs 551 crore collected against Rs 398 crore in the first quarter of 2014-15.
Taxes on vehicles marked a marginal growth with Rs 201 crore collected by 30 June, 2015 over Rs 193 crore collected during the corresponding period in the last fiscal.
Nontax revenue collection as on June 30, 2015 stood at Rs 1,311 crore against 1,269 collected by 30 June 2014.
A total of Rs 967 crore was collected as Mining revenue against Rs 1,002 crore collected in 2014-15 first quarter.
Among the Nontax revenue collection, the housing sector has failed miserably as it experienced a negative growth over 80 per cent in comparison to last year during the first quarter. So far the State Government has received Rs 5,230 crore as share Central Tax and Rs 3194 crore as Central grants.
In total, the State Government has received revenue receipts of Rs 14,672 crore, which is 39 per cent over the corresponding period of 2014-15 Fiscal.