News & Media 28th Jan 2025
The upcoming Union Budget for Financial Year 2025-26 is expected to aim for a gross tax revenue (GTR) growth of 10.5-11% compared to the revised estimates. This anticipated growth in GTR would result in a likely tax buoyancy of approximately 1, aligning with a similar nominal GDP growth rate. In contrast, the tax buoyancy for FY25 is projected to be around 1.1.
Financial Express (India)’s Priyansh Verma talks to our Partner Rahul Charkha in this context, in the story “Budget 2025 may project gross tax revenue growth at 10.5-11%”.
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