Tamil Nadu lost more than 75% of State Own Tax Revenue (SOTR) in April and May due to the lockdown imposed since March 25 to contain the spread of COVID-19 pandemic. SOTR is the primary source of revenue for the State, as it accounts for about 60% of the Tamil Nadu’s revenue receipts.
The State government realised ₹5,218 crore in the last two months against the originally-anticipated amount of ₹22,255 crore. As per the budget estimates of the State government, the revenue through State Own Taxes is around ₹1,33,530 crore for the year 2020-21. In other words, the monthly average comes to ₹11,127.5 crore. Of the total tax revenue realised, the State got around ₹2,035 crore in April and ₹3,183 crore next month.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Not convinced? Know why you should pay for news.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.