Govt push to reduce tax shortfall

EFFORTS INTENSIFIED

- KULDEEP SINGH

AS THE GROSS tax revenue is projected to fall short of the Budget target in FY26, the government has intensified efforts to reduce the shortfall.

The Central Board of Direct Taxes (CBDT) has asked field formations to take additional steps to recover tax demands, especially where the amounts involved are larger, sources said.

The Union government would need its gross tax revenue to grow at 22.3% during the remaining five months of FY26 (November to March) to meet the Budget Estimate of ₹42.7 lakh crore for the entire year.