Direct tax collections miss estimate in FY26; Iran war to raise more revenue challenges in FY27: Govt sources
The direct tax collections for FY26 fell short of the revised estimates target of Rs 24.21 lakh crore, by over […]
Tax Collection News
FY26 tax revenue target seen missed by a modest margin
The Union government might have missed the gross tax revenue target (revised estimate) of Rs 40.77 lakh crore by a
Commercial taxes department collects record Rs. 43,324 cr in 2025-26
State commercial taxes minister Bijendra Prasad Yadav said on Thursday that the department has made a record collection of taxes
Advance tax collections rise 6% in FY26 despite fall in non-corporate taxes
Even after de-growth in mop-up from non-corporate tax (NCT) assesses, advance tax collection, after all the four instalments, rose by
Gram panchayats achieve 71.39% tax collection; Karnataka tops country in revenue mobilisation
Gram panchayats in Karnataka have achieved 71.39% tax collection for the financial year 2025-26 as of February 18 and with
Corporate Profits Surge Nearly 3-Fold, Tax Collections Double: Economic Survey 2025-26
India’s listed corporate sector has witnessed a remarkable financial recovery in the post-pandemic period, with aggregate profits nearly tripling over
Direct tax refunds fall 17%, as tax revenues falter
Amid a dip in tax collections relative to the Budget Estimates, refunds of direct taxes have slowed. According to the
Union Budget 2026-27 likely to peg India’s fiscal deficit target at 4.3%, ICRA says
The government is likely to peg India’s fiscal deficit target at 4.3% of the GDP for 2026-27 amid a double-digit
Govt likely to miss income tax collection by a big margin
The government is likely to miss its ambitious income tax collection target of 15% for FY26 by a big margin.
Advance tax growth slows to 4.3% after 3rd instalment
Advance tax collection at the end of the third instalment during the current fiscal recorded a muted growth of little
