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Monday, September 22, 2025
TopicTax collections

Topic: Tax collections

India’s 4.4% fiscal deficit target hinges on solid revenue. Global conditions pose a challenge

In the current fiscal year, tax and non-tax revenue collections could take a hit. The projections will need to be recalibrated in light of the uncertain environment.

Tax collections slow sharply in Q2, but govt finances to benefit from budget tricks & an unlikely ally

Slump in corporate sector, overall slowdown in economy are key reasons, but analysts assure the slowdown is not likely to impact govt's fiscal projection for the year.

Fiscal boost can’t rely on spending cuts alone, Modi govt must consider non-tax measures

If the fiscal deficit was brought down to 5.6% in 2023-24, it was more because of a cut in revenue expenditure than because of growth in tax collections.

Strong showing by north, improved compliance — how GST revenue rose to record Rs 2.1 lakh cr in April

While April typically sees highest collections in a financial year, analysts say a host of reasons came together this time to lift total figures.

Opposition defeats Congress bill to ‘tax’ rich Hindu temples in Karnataka Legislative Council

The bill proposes to collect 5 per cent funds from temple with annual income between Rs 10 lakh to 1 crore; and 10 per cent from temples over 1 crore income, to be put into a Common Pool Fund.

Different time zones, same Opposition story & free grain-high taxes tradeoff

The best cartoons of the day, chosen by the editors at ThePrint.

Muted tax collection in Q1 of FY24 widened fiscal deficit, govt focus still on capex

Central govt's capital expenditure has seen strong growth. State finances present an encouraging picture with better tax revenue collections & improved capex spending.

TCS rate hike didn’t predict people’s outrage. But Modi govt hasn’t learned the lesson

Modi govt should have predicted the outrage over the hike in Tax Collected at Source on foreign transactions. But a lack of logic didn't stop it before, so why should it start now?

Why Modi govt will meet its tax targets this year without much effort despite slow growth

If tax collections in 2022-23 grow by 9.6 per cent, as projected in the Budget, total tax mop-up will be at least Rs 2.1 lakh crore more than the target.

‘Under estimate, over achieve’: Why Modi govt could set low tax collection target in Budget

New strategy would be a departure from earlier years (2017-18 to 2020-21), when govt kept very ambitious tax collection targets, but fell short of them by 7-8% each time.

On Camera

Festive seasons align with the rollout of GST 2.0. Citizens to get more money in hand

The new norm marks a decisive shift from the earlier complex system that created friction for households and small businesses alike.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

30 civilians killed as Pakistan Air Force strikes Khyber Pakhtunkhwa village with China-made bombs

While Pakistani authorities have not clarified what intended target was, the incident adds to a troubling pattern of PAF strikes killing civilians, including women and children.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.