For every rupee that the government will spend next fiscal, 21 paisa goes toward interest payments, followed by 19 paisa each for plan and allocation to states for their share of taxes and duties.

Income tax has shown the steepest increase in revenue rupee accounting for 15 paisa, up from 13 paisa now, thus reflecting the much-higher level of earnings by individual tax-payers.

Corporation tax

Likewise, corporation tax will acccount for 24 paisa of each revenue rupee, up from 21 paisa now, reflecting the buoyancy in tax collection. The borrowing will thus account for a lesser share of 14 paisa as compared to 19 paisa in the previous Budget.

On expenditure side, the defence would account for 11 paisa of each rupee, down from 12 paisa now, whereas subsidies will account for one paisa more at 8 paisa. The expenditure on central plan would also be one paisa less at 19 paisa per revenue rupee in the coming year, whereas other non-plan expenditure would be curtailed to 10 paisa as against 11 paisa provided for in the last budget.

Capital receipts

Non-debt capital receipts will account for two paisa of each revenue rupee for the government, up from one paisa now. Non-tax revenue remains same at 10 paisa for each rupee revenue as also service tax and other taxes that remain unchanged at 7 paisa.

On expenditure side, non-plan assistance to state and union territories would remain at the level of 5 paisa. State and union territory plan assistance also is kept unchanged at 7 paisa for each rupee spent.

Excise would account for 15 paisa of each revenue rupee, down from 17 paisa now, while customs would account for 13 paisa up from 12 paisa now of revenue rupee.