Jharkhand’s Finance and Commercial Tax Minister Radhakrishna Kishore on Wednesday presented a detailed report on the state’s revenue collection performance for FY 2024–25, outlining both achievements and goals for the upcoming fiscal year. Addressing a press conference at Soochna Bhawan Auditorium, he emphasized the importance of effective management to improve education and employment opportunities in the state.
Despite disruptions caused by the Lok Sabha and Vidhan Sabha elections, the minister highlighted that revenue collection efforts remained commendable. Against a budget estimate of ₹1,06,999.57 crore for FY 2024–25, the state collected ₹92,189.10 crore — achieving 86.16% of the target. Including non-tax revenues, the state garnered ₹1,03,469.82 crore, amounting to 80.27% of the total estimate.
Quarterly Revenue Reviews and Administrative Directives
As per the FRBM Act, all departments will now be required to review revenue performance every quarter, while the Finance Minister himself will conduct a review every six months. Minister Kishore also announced plans to tour all administrative divisions, issuing targeted directives to underperforming regions. He revealed that a comprehensive audit of the PL (Personal Ledger) Accounts is underway, especially funds parked since 2010.
FY 2024–25 Revenue Snapshot
Commercial Tax Collection:
The Commercial Tax Department collected ₹22,292.25 crore out of a ₹26,000 crore target — an 85.74% achievement. This reflects a significant 56.04% increase over the ₹14,286.27 crore collected in FY 2019–20.
SGST Revenue:
Against a target of ₹15,375 crore, ₹14,210.10 crore was collected under SGST — reaching 92.42%. Compared to ₹9,949.51 crore in FY 2019–20, this marks a 42.82% growth.
VAT Collection:
₹6,618.51 crore was collected against a ₹9,124 crore target — 72.54% of the goal. The number of VAT-registered businesses currently stands at 4,149. For FY 2025–26, the VAT target is ₹9,310 crore.
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JED (Electricity Duty):
₹1,361.24 crore was collected against a target of ₹1,413 crore — a 96.34% realization. There are currently 267 registered businesses under this act, and the 2025–26 target is ₹1,600 crore.
JPT (Profession Tax):
Collection exceeded expectations at ₹102.40 crore against a target of ₹88 crore — achieving 116.36%. A total of 33,533 professionals are registered under the Act. The next fiscal target is ₹90 crore.
Expenditure & Policy Commitments
Minister Kishore confirmed that ₹1,18,279.69 crore was spent out of the ₹1,31,234.42 crore allocated for revenue expenditure. He reaffirmed the government’s commitment to transparency and financial discipline, adding that all departments have been instructed to allocate district-level development funds by April-end or no later than May 7.
Funds for the “Maiyan Samman Yojana” have also been secured, he confirmed.
Strategic Measures for FY 2025–26
For FY 2025–26, the state has set a revenue collection target of ₹26,500 crore. Several measures have been proposed:
Tax Rate Adjustments:
The government plans to reduce tax rates on diesel used in mining and manufacturing (bulk purchase) while increasing the tax on ATF (Aviation Turbine Fuel) to boost revenue.
System Integrator for Digital Modernization:
A new System Integrator (SI) will be selected by JAP-IT, Ranchi. Integration with the GSTN and other department portals will enhance cross-verification and data intelligence.
Enhanced Intelligence Units:
The Intelligence and Revenue Analysis Unit (IRAU) and Special Task Unit (STU) will be strengthened to improve return filing oversight, detailed assessments, and tax evasion tracking.
Minister Kishore concluded by asserting the state government’s commitment to strengthening Jharkhand’s financial structure through transparency, digital innovation, and strategic revenue planning.
