Business Standard

Tuesday, December 24, 2024 | 09:53 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Budget 2021: Gross tax revenues likely to get back on track in FY22

Gross tax revenues may be projected at around Rs 23.65 trn in the Budget, back-of-the-envelope calculations suggest

revenues
Premium

Illustration: Binay Sinha

Dilasha Seth New Delhi
With the Indian economy expected to clock a growth rate of 13 per cent in nominal terms in 2021-22, gross tax revenues may be projected at around Rs 23.65 trillion in the upcoming Budget, back-of-the-envelope calculations suggest.

This is about 23 per cent higher than what was expected this year.

With the pandemic dealing a blow to Centre’s revenue collections, gross tax revenue for 2020-21 is estimated to hover around Rs 19.24 trillion in the current fiscal year — 4.23 per cent lower than in FY20 and 26 per cent lower than what was estimated at the time of the Budget. This

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in