Tamil Nadu has projected a growth of 32% in its non-tax revenue for 2023-24, the highest in four years. The State’s revenue receipts consists of tax revenue (own tax revenue plus the share in Union Taxes/Duties); non-tax revenue; and grants from the Government of India, according to a recent report of the Comptroller and Auditor-General of India (CAG). Non-tax revenue consists of interest receipts; dividend and profits; mining and other departmental receipts, it said.
The State’s own non-tax revenue has been estimated at ₹20,223.51 crore in the budget estimates for 2023-24. This is an increase of 32.10% from the revised estimates for 2022-23, Finance Minister Palanivel Thiaga Rajan said in his 2023-24 budget speech.
