What is Receipts budget?

A Receipts Budget is one the most important documents in a Union Budget. It is an extensive list of income generated from different sources by the government in a given financial year. It showcases the break-up of revenue generated under different heads.
 
Part of the Annual Financial Statement of the government, the receipt has details of tax revenue, non-tax revenue, and capital receipts. It also contains information and analysis of tax and non-tax receipts, along with the fiscal trends of the year.
 
The Receipt Budget shows the revenue and capital receipts under four time-periods:
 
* Actual of