Gross tax revenues projected to grow 8 pc to Rs 44.04 lakh cr in FY27
New Delhi (PTI): The government estimates an 8 per cent growth in gross tax revenues at over Rs 44.04 lakh crore in the 2026-27 fiscal.
The personal income tax collection is expected to grow at 11.73 per cent to Rs 14.66 lakh crore in FY27 over revised estimates of Rs 13.12 lakh crore in FY26.
Corporate Tax collection is projected to rise 11 per cent to Rs 12.31 lakh crore in FY27 from Rs 11.09 lakh crore a year ago.
Securities Transaction Tax (STT) collection has been estimated at Rs 73,700 crore, up from Rs 63,670 crore in RE of FY26.
The total direct tax collection, including PIT and CIT, is projected at Rs 26.97 lakh crore for the 2026-27 fiscal.
Revenue Secretary Arvind Shrivastava said the tax buoyancy for the direct tax in FY27 would be 1.14.
On the indirect taxes front, Rs 2.71 lakh crore is estimated to come from Customs, while Rs 3.89 lakh crore from excise duty. GST collection is projected at Rs 10.19 lakh crore in FY27, 2.59 per cent lower than 10.46 lakh crore in FY26.
Finance Minister Nirmala Sitharaman said, "We expect that with all these reforms, the tax growth would be growing at a rate faster than that of the economy itself".
So, we do expect economy tax revenue to be sufficiently buoyant in the coming year, she said.
The government has estimated a nominal GDP growth of 10 per cent while preparing the Budget for 2026-27.
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Woman murdered, domestic help found hanging in Bengaluru
Bengaluru (PTI): A 65-year-old woman was allegedly strangled to death, while her 50-year-old male domestic help was found dead by hanging at her house, under Mico Layout police station limits here, police said on Sunday.
As per preliminary inquiry, the domestic help is suspected to have murdered the elderly woman before committing suicide, they said.
The incident came to light when the woman's husband returned from abroad early on Sunday. The woman's 27-year-old daughter was sleeping on the first floor room of the house when the incident happened.
A case has been registered, and investigation is on, police said, adding that they are investigating all angles, including any third party involvement.
Forensics and other technical teams have visited the spot, and autopsy reports will also come, they further said.
