Karnataka cries foul over centre resorting to reduced tax devolution
CM Siddaramaiah laments centre’s step-motherly attitude towards state
Here are statistics that throw more light on the issue
Karnataka, specifically and South India in general are crying foul over centre resorting to a reduced tax devolution. Earlier in the day, Chief Minister Siddaramaiah held a press conference lamenting the centre’s step-motherly attitude towards Karnataka. Even as the allegations are raised, here are statistics that throw more light on the issue.
Subject | Details of Taxes, Cesses among other things Karnataka is paying centre | Amount centre is paying back to Karnataka |
Income Tax and Corporate Tax | For 2023-24, the tax target set is Rs 2.23 Lakh Crore | It is expected that Rs 37,252 Crore will be returned.
For central schemes, Rs 13,005 crores expected.
Rs 50,257 crores expected |
GST | Approximation: Rs 1.40 Lakh Crore
Only 52% is returned to the government |
|
Surcharge on Petrol, Diesel, Aircraft Fuel | Rs 26000 to Rs 30,000 Crore | |
Customs | Rs 30,000 Crore set | |
GST Cess | Rs 16,000 Crore | |
Highway Toll | Rs 3,000 Crore | |
Ports, Railways, Airports | Rs 20,000 Crore | |
Overall, the Centre gets Rs 4 Lakh Crore from Karnataka. But, Karnataka gets back only Rs 53,000 crore. So, for every Rs 100 paid, Karnataka is getting only Rs 13. |
Budgetary allocations over the last few years:
Year | Total Budget Outlay | Taxes Collected | Central Scheme Grants | Total | |
2018-19 | Rs 24,42,213 Crores | Rs 35,895 Crores | Rs 10,383 Crores |
Rs 46,288 Crores |
|
2019-20 | Rs 27,86,349 Crores | Rs 30,919 Crores | Rs 12,404 Crores | Rs 43,323 Crores | |
2020-21 | Rs 30,42,243 Crores | Rs 21,694 Crores | Rs 10,040 Crores | Rs 31,734 Crores | |
2021-22 | Rs 34,83,236 Crores | Rs 33,283 Crores | Rs 15,306 Crores | Rs 48,589 Crores | |
2022-23 | Rs 41,87,232 Crores | Rs 34,596 Crores | Rs 18,914 Crores | Rs 53,510 Crores | |
2023-24 | Rs 45,03,097 Crores | Centre promised to pay Rs 37,252 Crores | Centre promised to pay Rs 13,005 Crores | Rs 50,257 Crores | Till November 2023, money returned is Rs 32,277 Crores |
Karnataka cries foul over centre resorting to reduced tax devolution
CM Siddaramaiah laments centre’s step-motherly attitude towards state
Here are statistics that throw more light on the issue
Karnataka, specifically and South India in general are crying foul over centre resorting to a reduced tax devolution. Earlier in the day, Chief Minister Siddaramaiah held a press conference lamenting the centre’s step-motherly attitude towards Karnataka. Even as the allegations are raised, here are statistics that throw more light on the issue.
Subject | Details of Taxes, Cesses among other things Karnataka is paying centre | Amount centre is paying back to Karnataka |
Income Tax and Corporate Tax | For 2023-24, the tax target set is Rs 2.23 Lakh Crore | It is expected that Rs 37,252 Crore will be returned.
For central schemes, Rs 13,005 crores expected.
Rs 50,257 crores expected |
GST | Approximation: Rs 1.40 Lakh Crore
Only 52% is returned to the government |
|
Surcharge on Petrol, Diesel, Aircraft Fuel | Rs 26000 to Rs 30,000 Crore | |
Customs | Rs 30,000 Crore set | |
GST Cess | Rs 16,000 Crore | |
Highway Toll | Rs 3,000 Crore | |
Ports, Railways, Airports | Rs 20,000 Crore | |
Overall, the Centre gets Rs 4 Lakh Crore from Karnataka. But, Karnataka gets back only Rs 53,000 crore. So, for every Rs 100 paid, Karnataka is getting only Rs 13. |
Budgetary allocations over the last few years:
Year | Total Budget Outlay | Taxes Collected | Central Scheme Grants | Total | |
2018-19 | Rs 24,42,213 Crores | Rs 35,895 Crores | Rs 10,383 Crores |
Rs 46,288 Crores |
|
2019-20 | Rs 27,86,349 Crores | Rs 30,919 Crores | Rs 12,404 Crores | Rs 43,323 Crores | |
2020-21 | Rs 30,42,243 Crores | Rs 21,694 Crores | Rs 10,040 Crores | Rs 31,734 Crores | |
2021-22 | Rs 34,83,236 Crores | Rs 33,283 Crores | Rs 15,306 Crores | Rs 48,589 Crores | |
2022-23 | Rs 41,87,232 Crores | Rs 34,596 Crores | Rs 18,914 Crores | Rs 53,510 Crores | |
2023-24 | Rs 45,03,097 Crores | Centre promised to pay Rs 37,252 Crores | Centre promised to pay Rs 13,005 Crores | Rs 50,257 Crores | Till November 2023, money returned is Rs 32,277 Crores |