The revenue generation in 2020-21 has crossed of Rs 56, 363 crore in absolute figures. These data were presented on Friday by Finance Department Principal Secretary Ashok Kumar Meena in a high-level meeting held under the chairmanship of Chief Secretary Suresh Chandra Mahapatra. While complementing the departments for good performances, Mahapatra set a target of Rs 40,000 crore from own tax revenue for the year 2021-22 which is around 15% more than the revenue generated in 2020-21.
Mahapatra also set a target of Rs 21,500 crore from nontax sources for 2021-22. The budget estimate from nontax and own tax sources had been fixed at Rs 20, 000 crore and Rs 37,500 crore, respectively, for the current fiscal. Based on the 5T principles in financial management, around 95% of the States revenue collection has been brought into electronic fold.
At present, about 95% of the own revenue is being collected electronically. The CS directed to achieve 100% electronic receipts of the taxes in the current financial year.