As a citizen of a country, we should be aware of our countries economy. It is our duty to obey the rules and regulations of what country we belong.If every citizens becomes aware, the development of a country will be helped. But If people don't care about his countries matters, the country won't be able to take a part to the development. You should keep in mind that, your development means your countries development, your lose means your countries lose. similarly countries development means your and the loses also means yours! Let's take a look on the revenue of Bangladesh
The National Board of Revenue (NBR) has collected revenue of Tk 1,06,273 crore in the nine months till March of the current 2020-21 fiscal year. Although the entire period of the fiscal year was marked by 19 epidemics of covid, the collection for the nine months from July to March was 7.31 percent higher than the same period of the previous fiscal year. One lakh 6 thousand 116 crore was collected till March of 2019-20 financial year.
According to the latest E report of the NBR
The country's main revenue collection agency, the revenue collected in March as a single month was Tk 25,165.61 crore. This is about 23 percent more than the same month of the previous financial year. In the month (March 2019-20) when the coronavirus infection was identified in the country, Tk 20,534 crore was collected. A senior NBR official said the revenue collection target for the current financial year has been reduced by Tk 29,000 crore to Tk 310,000 crore.
As of March, revenue collection is about 80 percent of the revised target. In other words, to achieve the revised target in the remaining three months of the financial year, 1 lakh 21 thousand 738 crore taka has to be collected. If the current economic situation of the country is right, it is possible to achieve the revised target in the rest of the time, said the former chairman of the NBR. Abdul Majid.
He said if the sectors from which the highest revenue was collected in the previous months of the financial year were good, it would be beneficial to achieve the target.
According to the latest NBR report, March of the current financial year
So far, the three main sources of revenue collection from import duty, value added tax, VAT and income tax have increased over the previous period. The highest revenue collection was from excise duty, VAT and supplementary duty from the local level. The total collection was Tk 8,480.56 crore. In the same period of the last financial year which was 65 thousand 128 crore 80 lakh rupees.
Revenue of Tk 53,096.81 crore has been collected from import and export sector as duty and supplementary duty. 46,141 crore was collected from this sector during the same period of last financial year. This time, Tk 55,703 crore has been collected from the income tax sector till March of the current financial year. During the same period of the last financial year, about Tk 52,649 crore was collected from this sector.
Some user will have problem to understand what is revenue! How it is calculated. For those I have found a solution to bring the data from somewhere,
"RevenueĀ is theĀ incomeĀ generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.
SalesĀ Revenue=SalesĀ PriceĆNumberĀ ofĀ UnitsĀ Sold "
Source of the defination https://www.investopedia.com/terms/r/revenue.asp
Revenue is also known as sales on the income statement. It is vital for aĀ startupĀ to get positive revenue early.
Sources
Lead image https://unsplash.com/photos/goFBjlQiZFU
Demo of revenue chart https://www.mekkographics.com/facebooks-growing-advertising-revenue/
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