As of November 2026, approximately what share of gross tax revenue was budgeted to come from direct…
The budget estimated ₹12,31,000 crore in corporation tax and ₹14,66,000 crore in taxes on income. Their sum, ₹26,97,000 crore, divided by gross tax revenue of about…
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As of November 2026, approximately what share of gross tax revenue was budgeted to come from direct taxes in the Union Budget for 2026–27?
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Correct answer A
The budget estimated ₹12,31,000 crore in corporation tax and ₹14,66,000 crore in taxes on income. Their sum, ₹26,97,000 crore, divided by gross tax revenue of about ₹44,04,086 crore, is about 61.2%, or 61% to the nearest whole percent.
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Karnataka SET (KSET)