Budget 2026: Government Eyes 8% Tax Revenue Hike to 44.04 Lakh Crore

• Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27, projecting an 8% increase in tax revenue for the next fiscal year.
• Gross tax revenue is estimated at 44.04 lakh crore rupees, driven by robust economic activities and improved tax collection.
• Direct taxes, including corporate and personal income tax, are expected to contribute 26.97 lakh crore rupees (61.2% of total tax revenue).
• The Centre's net tax revenue is projected at 28.67 lakh crore rupees, with an additional 6.66 lakh crore rupees from non-tax revenue.
• Total central government expenditure is estimated at 53.47 lakh crore rupees, with 12.22 lakh crore rupees allocated for capital expenditure.

Why It Matters: Budget 2026-27 forecasts an 8% rise in tax revenue to 44.04 lakh crore, boosting economic growth and investment.