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The Government of Karnataka, abbreviated as GoK or GOKA, or simply Karnataka Government, formerly Government of Mysore or Government of Mysore State is a democratically elected state body with the governor as the ceremonial head to govern the Southwest Indian state of Karnataka. The governor who is appointed for five years appoints the chief ...
Karnataka is the leader in the information technology sector in India and its capital, Bangalore, is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of ₹ 516.5 billion in the financial year 2006–07 which included ₹ 487 billion from software exports and ₹ 29.5 billion from hardware exports.
e. In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
With 15,257,000 residents, the state capital Bangalore is the fourth-most populated city in India. [13] The economy of Karnataka is one of the most productive in comparison to other states in the country, with ₹20.5 trillion (US$260 billion) in gross domestic product and a per capita GDP of ₹305,000 (US$3,800).
The following list gives the latest available gross state domestic product (GSDP) figures for all Indian States and Union Territories at current prices in millions or trillions of Indian rupees. No data is available for the union territories of Dadra and Nagar Haveli and Daman and Diu, Ladakh and Lakshadweep.
The estimated Metro GDP ( PPP) of the city is around US$300 billion, with a Metro GDP ( PPP) Per Capita of roughly US$25,461 in 2022. It has been ranked as the third most productive metro area in India. [6] [7] According to the estimates, Metro GDP ( PPP) of the city has grown to US$320.1 billion in 2023.
It is the Headquarters of South Western Railway, and the Hubli Division of SWR is one of the highest revenue generating railway divisions in India. The High Court of Karnataka is situated at Belur in Hubli-Dharwad, it also has the largest number of government offices outside Bangalore.
Website. www .incometaxbengaluru .org. The Income Tax Department Karnataka & Goa is the revenue enforcement and collection agency for the state of Karnataka and Goa, India. It has its headquarters in Bangalore, the state capital. The Direct Taxes Regional Training Institute was built in Bangalore at Jalahalli.