Gross tax receipts

DURING THE FIRST two months of FY26, the Centre's net tax revenues after devolution to the state governments grew by 10% to ₹3.5 lakh crore, while non-tax revenues surged by 41.8% on-year to ₹3.6 lakh crore.

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The net tax revenue is targeted to grow 13.5% in FY26.

During the first two months of the current fiscal, revenue expenditure increased by 9.4% to ₹5.2 lakh crore, while capital expenditure surged by 54% on-year to ₹2.2 lakh crore due to election-induced low base last year.