- Based on the Union Budget estimates for 2005-06, the largest single source of central government's revenue was Corporate Tax. - The budget projections showed Corporate Tax collection (Rs. 1,23,000 crore) exceeding Union Excise Duties (Rs. 98,500 crore), Income Tax (Rs. 82,000 crore), and Customs (Rs. 59,600 crore).
In the Union Budget 2005-06 the largest source of revenue was
Asked in UPPSC Upper Mains 2005 · Topic: Fiscal Policy & Revenue (Sources of Government Revenue: Tax and Non-Tax Revenue)
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