First three quarters of 2024-25 :U.P’s tax collections up 11.2%, non-tax revenue increases 36.4%

State govt has enforced financial discipline on all fronts and also taken care of people’s welfare, says U.P. finance minister Suresh Khanna

Updated on: Jan 7, 2025, 06:06:19 IST

By Umesh Raghuvanshi, Lucknow

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The Uttar Pradesh government has collected a total tax revenue of ₹1.52 lakh crore in the first three quarters of the financial 2024-25, an increase of about 11.2% against the collections of ₹1.37 lakh crore made under the same head in the same period in 2023-2024. Its non-tax earnings are up by 36.4% during the same period.

The state government’s revenue collections also increased by ₹977.14 crore in December 2024 against earnings made in the same month in 2023 (For representation only)

The state government’s tax revenue collection was 77.3% of the target ( ₹1.96 lakh crore) for the same period and 56.4% of the annual tax collection target ( ₹2.70 lakh crore).

Minister for finance Suresh Khanna, who released the data on the state government’s revenue collection, said the state’s financial situation has improved considerably following a consistent increase in collections. The state government has also enforced financial discipline on all fronts, he said, adding that it has also taken care of people’s welfare. Uttar Pradesh was imposing lower VAT (Value Added Tax) as against the tax being realised in most other states, he said.

A breakup of the state government’s tax earnings in the first three quarters (April 1 to December 31) indicates that it collected a sum of ₹84,030.61 crore as state tax (GST and VAT). This included ₹61,734.84 crore from Goods and Services Tax (including SGST and IGST), ₹34,545.03 crore from excise, ₹22,772.05 crore from stamps and registration, ₹8,385.57 crore from transport, ₹2258.63 crore from energy and ₹324.63 crore from land revenue. The state government collected a non-tax revenue of ₹9434.53 crore from April 1 to December 31, 2024 against ₹6918.73 crore collected in the same period in 2023. The state government’s revenue collections also increased by ₹977.14 crore in December 2024 against earnings made in the same month in 2023. It collected ₹17,605.32 crore as tax and non-tax revenue in December 2024 against ₹16,628.18 crore in 2023.

Though the state government’s tax collections in December 2024 were up under all other heads, the earnings from transport were down by ₹104.21 crore in the month against collections made under the head in 2023.

ABOUT THE AUTHOR
Umesh Raghuvanshi
Umesh Raghuvanshi is an award-winning journalist with nearly four decades of demonstrated experience in the profession. He is the author of Ayodhya: The Gods Are Liberated. He is skilled in storytelling and newswriting, and writes on politics, governance, legislature, finance, environment, and social issues. He is based in Lucknow, is well-travelled, and has covered several national and international events, as well as all assembly and parliament elections in Uttar Pradesh since 1984. He has been a visiting scholar at the Graduate School of Journalism, University of California, Berkeley, USA, and a Metcalf Fellow at the Metcalf Institute of Marine and Environmental Reporting, University of Rhode Island, USA. He is a science graduate from DBS College, Dehradun, and holds an MA in Political Science from DAV (PG) College, Dehradun. He won the KC Kulish International Merit Award for excellence in journalism (2015) and received it in New Delhi in 2017. He also won a competition organised by the United Nations Environment Programme DTIE OzonAction Programme in 2009 that assessed coverage of the interlinkages between ozone and climate change. He was awarded in Beijing, China, in 2010. He started his career with a Dehradun-based English daily in the early 1980s and later worked with The Pioneer too.Read More

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