Budget 2026: Sitharaman targets higher tax revenue in FY27 to boost growth

Union Budget 2026: Finance Minister Nirmala Sitharaman has set a significant gross tax revenue target for the 2026-27 fiscal year. This projection relies on sustained economic expansion and enhanced tax compliance. Tax collections have shown resilience, boosted by strong Goods and Services Tax inflows and better direct tax adherence. The government aims to broaden the tax base while rationalizing rates.