Archive | Government Revenue

Sources of Government Revenue: 9 Sources | Economics

The following points highlight the nine main sources of government revenue. The sources are: 1. Tax 2. Rates 3. Fees 4. Licence Fee 5. Surplus of the public sector units 6. Fine and penalties 7. Gifts and grants 8. Printing of paper money 9. Borrowings. Source # 1. Tax: A tax is a compulsory levy imposed by a public authority [...]

By Nipun S|2017-01-13T05:55:15+05:30January 13, 2017|Government Revenue|Comments Off

2 Main Sources of Government Revenue in India

The following points highlight the two main sources of government revenue in India. A. Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commodities produced within the country, but excluding those commodities on which State excise is levied (viz., liquors and narcotic drugs). The most important [...]

By Sanket Suman|2015-10-26T12:44:58+05:30October 17, 2015|Government Revenue|Comments Off