In India’s Union Receipt Budget for 2026–27, which of these tax heads has the highest budget estimate?
The 2026–27 Union Receipt Budget estimates ₹14,56,000 crore under Taxes on Income and ₹12,31,000 crore under Corporation Tax. It estimates ₹3,88,910 crore under Union Excise…
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In India’s Union Receipt Budget for 2026–27, which of these tax heads has the highest budget estimate?
Answer and explanation
Correct answer B
The 2026–27 Union Receipt Budget estimates ₹14,56,000 crore under Taxes on Income and ₹12,31,000 crore under Corporation Tax.
It estimates ₹3,88,910 crore under Union Excise Duties and ₹2,71,200 crore under Customs. Taxes on Income has the highest estimate of these four heads.
Option feedback
Option A
Corporation Tax is estimated at ₹12,31,000 crore, less than Taxes on Income.
Option B
Taxes on Income is estimated at ₹14,56,000 crore, the highest among these four heads.
Option C
Customs is estimated at ₹2,71,200 crore, less than Taxes on Income.
Option D
Union Excise Duties are estimated at ₹3,88,910 crore, less than Taxes on Income.
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