Economy News
Tax collection to exceed Budget estimate by nearly Rs 4 lakh crore: Revenue Secy

India’s tax collection will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal on the back of buoyant income tax, customs duty and GST mop-up, Revenue Secretary Tarun Bajaj said on Wednesday. In an interview to PTI, he said the growth in tax revenues will continue to be higher than the GDP growth, helped by formalisation of the economy and better compliance.

News Source:- https://www.financialexpress.com/economy/tax-collection-to-exceed-budget-estimate-by-nearly-rs-4-lakh-crore-revenue-secy/2888917/