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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Second PUC results: Life convict clears exam with distinction, DGP lauds effort
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Bengaluru: A life convict lodged in Ballari Central Prison has successfully cleared the second PUC examination.
Ashok Kumar S, who appeared for the examination under prison escort, secured 481 marks out of 600, registering 80.1 percent.
Director General of Police (Prisons and Correctional Services), Alok Kumar (IPS), shared the development on his official ‘X’ handle, commending the inmate’s achievement.
In his post, he stated that it was heartening to see a life convict score over 80 percent in the examination, adding that the inmate had appeared from Ballari Central Prison under escort.
It’s heartening to see that one of our life convict prisoners Ashok has obtained 80.1% marks in PUC exam. He appeared under Prison escort from Ballari Central Prison for his exams.
— alok kumar (@alokkumar6994) April 9, 2026
Glad to see that Walls of the prison has not subdued his hopes for a better future. pic.twitter.com/Nzlcy076SR
He further noted that the achievement reflected that the “walls of the prison have not subdued his hopes for a better future.”
Alok Kumar in his post also shared the result sheet of Ashok.
The Karnataka School Examination and Assessment Board (KSEAB) declared the second PUC results for 2026 on April 9.
A total of 6,32,200 students appeared for the examination across all streams, of whom 5,46,698 passed, recording an overall pass percentage of 86.48 per cent.
