Budget 2026: What five years of data reveal about India’s direct and indirect taxes - explained
As Finance Minister Nirmala Sitharaman prepares the Union Budget 2026-27, tax data reveals a significant shift. Direct tax collections have surged, surpassing indirect taxes as the government's primary revenue source. This trend highlights a growing reliance on income and profit-based taxation, impacting fiscal strategy and taxpayer compliance.
As Finance Minister Nirmala Sitharaman prepares the Union Budget 2026-27, tax data reveals a significant shift. Direct tax collections have surged, surpassing indirect taxes as the government's primary revenue source. This trend highlights a growing reliance on income and profit-based taxation, impacting fiscal strategy and taxpayer compliance.
