Monthly Review of Accounts of Union GoI upto the month of June 2022 for FY 2022-23

Last updated: 30 July 2022

Quick Summary
The Union Government of India's accounts for the period up to June 2022 have been published, showing total receipts of ₹5,96,040 crore. This includes ₹5,05,898 crore in tax revenue. Total expenditure reached ₹9,47,911 crore, with significant portions allocated to revenue accounts and capital accounts. Notably, ₹1,42,775 crore was transferred to states as their share of taxes, an increase from the previous year.

The Monthly Account of the Union Government of India upto the month of June, 2022 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹5,96,040 crore (26.1% of corresponding BE 2022-23 of Total Receipts) upto June, 2022 comprising ₹5,05,898 crore Tax Revenue (Net to Centre), ₹62,160 crore of Non-Tax Revenue and ₹27,982 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹3,423 crore and Miscellaneous Capital Receipts of ₹24,559 crore. ₹1,42,775 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹25,251 crore higher than the previous year.

India Govt Accounts Review: April-June 2022

Total Expenditure incurred by Government of India is ₹9,47,911 crore (24.0% of corresponding BE 2022-23), out of which ₹7,72,847 crore is on Revenue Account and ₹1,75,064 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,28,595 crore is on account of Interest Payments and ₹67,980 crore is on account of Major Subsidies.

FAQ :

The review covers the Union Government of India's accounts up to the month of June 2022 for the Financial Year 2022-23.

The total receipts amounted to ₹5,96,040 crore, representing 26.1% of the budgeted estimate for FY 2022-23.

Revenue receipts comprise ₹5,05,898 crore in Tax Revenue (Net to Centre), ₹62,160 crore in Non-Tax Revenue, and ₹27,982 crore in Non-Debt Capital Receipts.

The total expenditure incurred was ₹9,47,911 crore, which is 24.0% of the budgeted estimate for FY 2022-23.

₹1,42,775 crore was transferred to State Governments as their share of taxes, which is ₹25,251 crore more than in the previous year.

Revenue expenditure included ₹2,28,595 crore for Interest Payments and ₹67,980 crore for Major Subsidies.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. E-Payment of Direct Taxes Under Income Tax Act 2025: Rules, Modes and Process Explained
  2. Capital Gains Exemptions Under Income Tax Act 2025
  3. IGST Settlement 2026: New Rules Address ITC Reversals, Credit Alignment and Clarity
  4. Rectification, Assessment and Appeals Under Income Tax Act 2025
  5. CBDT Notifies Foreign Assets of Small Taxpayers-Disclosure Scheme Rules, 2026
  6. Key Allowances and Deductions Available to Taxpayers for Tax Year 2026-27
  7. CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025
  8. Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions
  9. CBDT Releases Guidance Note on Crypto-Asset Reporting Obligations under Income Tax Act 2025
  10. Taxpayers Beware: PIB Exposes Fake Income Tax Notice Asking for Rs 6000 Payment

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member DHANASHRI KARMARKAR DHANASHRI KARMARKAR Pro Member KayOne ConsultingKayOne ConsultingPro Member AGNIHOTRAM RAM NARAYANAAGNIHOTRAM RAM NARAYANAPro Member NISHANT SIPANINISHANT SIPANIPro Member Amar HiroAmar Hiro
Subscribe to Pro
Join an elite circle of professionals


Browse by Category