REPORT: indiract tax to rise by 8.3 pc, corporate tax by 10.4 pc in FY26

 GOI's indiract tax Collection is expected to increase by 8.3 pc in the FY26 ( financial year 2025-26), accoring to a report by icici bank

The report also noted that this growth is higher than the 7.1 per cent increase seen in FY25 and is mainly driven by rise in GST revenue from strong urban consumption.

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It said “The increase is driven by higher goods and services tax collections which in-turn is explained by boost to urban consumption”.

The report estimated corporate tax collection to rise by 10.4 per cent in FY26, compared to a 7.6 per cent increase in FY25.

the indian economy is improving, corporate tax collections are also expected to grow at bit faster pace.