Taxes and borrowings make up the majority of the revenue while a significant portion of the expenditure is allocated to ...

Multifarious Key Taxation Laws and Rules: The Indian taxation system is governed mainly under the Income Tax Act, 1961, with relevant sections being: Section 4: General Taxability. Section 90: ...

Non-Tax Revenue Union Excise Duties Customs Duties Non-Debt Capital Receipts These various income sources help fund government spending for the year. How the Government Spends Its Budget: A Simple ...

Key numbers to watch include a fiscal deficit projected at 4.9% of GDP for FY25, with a target of 4.5% by FY26, and capital ...