Tax Revenue: The 2025-26 Budget had pegged gross... ... Union Budget 2026: New I-T Act to Come Into Force from April 1

Tax Revenue: The 2025-26 Budget had pegged gross tax revenues at Rs 42.70 lakh crore, an 11 per cent growth over FY25. This includes Rs 25.20 lakh crore estimated to come from direct taxes (personal income tax + corporate tax), and Rs 17.5 lakh crore from indirect taxes (customs + excise duty + GST).