Advance tax collection increased by over 15% in the first instalment of FY27
Cite this
Citations are auto-generated; verify before publishing. The policy classification is PolicyDhara's, not the source's.
Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Net income tax collection grows 14.64% between April 1 and June 17
Key Facts
Type Policy
Source BusinessLine - Economy
Published Thursday, 18 June 2026
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right