Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :

        Direct, indirect taxes to yield 64 paise of every rupee in govt coffers: Budget documents

        February 1, 2026

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New Delhi, Feb 1 (PTI) For every rupee in the government's coffers, the largest slice of 64 paise will come from direct and indirect taxes, according to the Union Budget 2026-27 documents.

        Around 24 paise will come from borrowings and other liabilities, 10 paise from non-tax revenue like disinvestment, and 2 paise from non-debt capital receipts, the Budget documents showed.

        Income tax will yield 21 paise, corporation tax 18 paise, and Goods and Services Tax (GST) 15 paise per rupee of revenue.

        Besides, the government looks to earn 6 paise from excise duty and 4 paise from customs levy in every rupee of revenue.

        The collection from "borrowings and other liabilities" will be 24 paise per rupee, as per the Union Budget 2026-27 presented in Parliament by Finance Minister Nirmala Sitharaman on Sunday.

        The Budget documents provide a fractional break-up for Re 1 that comes in and gets spent.

        On the expenditure side, the outlay for interest payments and states' share of taxes and duties, respectively, stood at 20 paise and 22 paise for every rupee.

        Allocation for defence stands at 11 paise per rupee.

        Expenditure on central sector schemes will be 17 paise out of every rupee, while the allocation for centrally-sponsored schemes is 8 paise.

        The expenditure on 'Finance Commission and other transfers' is pegged at 7 paise. Subsidies and pensions will account for 6 paise and 2 paise, respectively.

        The government will spend 7 paise out of every rupee on 'other expenditures'. PTI BKS MR

        Union Budget revenue composition: taxes provide 64 paise per rupee; borrowings 24 paise, non-tax receipts 10 paise. The Budget's per-rupee fiscal composition assigns 64 paise to direct and indirect taxes (21 paise income tax, 18 paise corporation tax, 15 paise GST, 6 paise excise, 4 paise customs), 24 paise to borrowings and other liabilities, 10 paise to non-tax revenue including disinvestment, and 2 paise to non-debt capital receipts; expenditure allocates 20 paise to interest, 22 paise to states' share, 11 paise to defence, 17 paise to central sector schemes, 8 paise to centrally-sponsored schemes, 7 paise to Finance Commission transfers, 6 paise to subsidies, 2 paise to pensions, and 7 paise to other expenditures.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Union Budget revenue composition: taxes provide 64 paise per rupee; borrowings 24 paise, non-tax receipts 10 paise.

                                The Budget's per-rupee fiscal composition assigns 64 paise to direct and indirect taxes (21 paise income tax, 18 paise corporation tax, 15 paise GST, 6 paise excise, 4 paise customs), 24 paise to borrowings and other liabilities, 10 paise to non-tax revenue including disinvestment, and 2 paise to non-debt capital receipts; expenditure allocates 20 paise to interest, 22 paise to states' share, 11 paise to defence, 17 paise to central sector schemes, 8 paise to centrally-sponsored schemes, 7 paise to Finance Commission transfers, 6 paise to subsidies, 2 paise to pensions, and 7 paise to other expenditures.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found