Central Government earns income from other than tax how
Answers
Answer:
No central government earns income in the form of tax
Answer:
Definition: Non-Tax Revenue is the recurring income earned by the government from sources other than taxes.
Description: The most important receipts under this head are interest receipts (received on loans given by the government to states, railways and others) and dividends and profits received from public sector companies.
Various services provided by the government -- police and defence, social and community services such as medical services, and economic services such as power and railways -- also yield revenue for the government. Though the Railways are a separate department, all their receipts and expenditure are routed through the Consolidated Fund.
Also See: Tax Revenue, Direct Tax, Indirect Tax
Non-Plan Expenditure
This is largely the revenue expenditure of the government, although it also includes capital expenditure.
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