Abstract
India is one of the fastest growing economy in the world. It is also a mixed economy; which means both capital sector and government sector works for the development of the country. The main objective of the study is to analyse the composition and trends in revenue receipts of Government of India. The present study is based on secondary data, the time series data was taken from handbook of statistic published by Reserve Bank of India. As the economy progresses the activities of the Government sector also increases, which is evident from the present study. The Study shows that, composition of major taxes to tax revenue of Government of India in 2021-22, The Goods and Service Tax contributes highest to the total tax revenue followed by income tax other than corporation tax, corporation tax, union excise duties custom duty and service tax. KEYWORDS: Total Revenue, Total Expenditure, Tax Revenue, Direct Tax, Indirect Tax
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