Pre Budget process - Revenue Estimate

The ‘Budget Division’ of the Ministry of Finance obtains revenue estimates for the next year from a large number of organizations

(September to January )

1.) Estimates of Direct Taxes :- Central Board of Direct Taxes in the Department of Revenue of Ministry of Finance

2.)  Estimates of Indirect Taxes :- Central Board of Excise and Customs in the Department of Revenue of Ministry of Finance

3.) Estimates of External Assistance :-Controller of Aid Accounts and Audit –

4.)Estimates of Public Debt transactions:- Reserve Bank of India

5.)Financial Advisers of Central Ministries :-Estimates of various receipts including those of non-tax revenue, capital receipts and receipts of account of public account

 6.)Estimates of recoveries from States on account of Loans and Advances from the Union Government; :- State Accountants General

7.)Estimates of taxes and receipts of the Union Territories. :- Chief Controller of Accounts and Accounting Offices –