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Delhi tax collection growth rate nears 21%

PTI | New Delhi |

The tax collection in Delhi has grown at a rate of 20.84 per cent (estimate) in the current year, but its revenue surplus has come down, as per the latest Economic Survey of the national capital released on Tuesday.

The city collected Rs 30,225.16 crores in taxes during 2016-17, it said. The corresponding figure in 2014-15 was Rs 26,602 crores with a growth rate of 13.61 per cent.

According to the report tabled in the Delhi Assembly, the per capita income of Delhi, which is already three times the national average, is likely to cross Rs 3 lakh during 2016-17.

"The per capita income of the city was nearly three times the national average at Rs 2,73,618 in 2015-16 as compared to Rs 2,49,004 in 2014-15.

"The advance estimate of per capita income of Delhi at current prices during 2016-17 is estimated at Rs 3,03,073," it said.

Revenue surplus (actual amount of net income over and above the projected amount) of Delhi reduced to 0.89 per cent (estimate) of the Gross State Domestic Product (GSDP) in 2016-17.

It was 1.57 per cent of the GSDP in 2015-16. It was Rs 8,656 crores in 2015-16 (provisional) as compared to Rs 6,075 crores in 2014-15, the report said.

The advance estimate of GSDP of Delhi at current prices during 2016-17 is likely to be Rs 62,2385 crores, which is estimated to grow at 12.76 per cent over 2015-16.

The GSDP is defined as a measure of the volume of all goods and services produced within the boundaries of the state during a given period of time.