Income of Political Parties from Known, Other known and unknown sources
For this report, known sources have been defined as donations above Rs 20,000, whose donor details are available through contributions report as submitted by National parties to the ECI.
The unknown sources are income declared in the IT returns but without giving a source of income for donations below Rs. 20,000. Such unknown sources include ‘donations via Electoral Bonds’, ‘sale of coupons’, ‘relief fund’, ‘miscellaneous income’, ‘voluntary contributions’, ‘contribution from meetings/morchas’ etc. The details of donors of such voluntary contributions are not available in the public domain.
Other known sources of income include sale of moveable & immoveable assets, old newspapers, membership fees, delegate fee, bank interest, sale of publications and levy whose details would be available in the books of accounts maintained by political parties.
For this analysis, 7 National parties were considered – BJP, INC, AITC, CPM, NCP, BSP and CPI. However, BSP declared that it did not receive any funds from voluntary contributions (above or below Rs 20,000)/Sale of Coupons/Electoral Bonds or Unknown Sources of income.
Total income of 7 National political parties in FY 2018-19: Rs 3749.37 cr.
Total income of political parties from known donors (details of donors as available from contribution report submitted by parties to Election Commission and analysed by ADR here): Rs 951.66 cr, which is 25.38% of the total income of the parties.
Total income of political parties from other known sources (e.g. sale of assets, membership fees, bank interest, sale of publications, party levy etc.): Rs 284.73 cr, or 7.59% of the total income.
Total income of political parties from unknown sources (income specified in the IT Returns whose sources are unknown): Rs 2512.98 cr, which is 67% of the total income of the parties.
Out of Rs 2512.98 cr as income from unknown sources, the share of income from Electoral Bonds: Rs 1960.68 cr or 78%.
Income from unknown sources
Out of total income of Rs 2512.98 cr of 6 National Parties from unknown sources, 78.02% or Rs 1960.68 cr came from Electoral Bonds.
Income from sale of coupons declared by INC, NCP & CPM formed 13.10% (Rs 329.10 cr) of income from unknown sources while Donations from Voluntary Contributions (below Rs 20,000) formed 8.65% (Rs 217.41 cr) in income from unknown sources of the six National Parties.