https://www.taxtmi.com/news?id=69591 Projected gross tax revenues for FY27 are estimated to rise 8% to Rs 44.04 lakh crore. Personal income tax is forecast at Rs 14.66 lakh crore and corporate tax at Rs 12.31 lakh crore, producing total direct taxes of Rs 26.97 lakh crore and a reported direct tax buoyancy of 1.14. Indirect tax estimates include Customs Rs 2.71 lakh crore, excise duty Rs 3.89 lakh crore and GST Rs 10.19 lakh crore. The Budget assumes a nominal GDP growth of 10% and attributes expected revenue performance to tax reforms and buoyancy assumptions. en-us Sun, 01 Feb 2026 20:31:06 +0530 Sun, 01 Feb 2026 20:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69591 Projected gross tax revenues for FY27 are estimated to rise 8% to Rs 44.04 lakh crore. Personal income tax is forecast at Rs 14.66 lakh crore and corporate tax at Rs 12.31 lakh crore, producing total direct taxes of Rs 26.97 lakh crore and a reported direct tax buoyancy of 1.14. Indirect tax estimates include Customs Rs 2.71 lakh crore, excise duty Rs 3.89 lakh crore and GST Rs 10.19 lakh crore. The Budget assumes a nominal GDP growth of 10% and attributes expected revenue performance to tax reforms and buoyancy assumptions. News - Sun, 01 Feb 2026 20:31:06 +0530 https://www.taxtmi.com/news?id=69591