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    Tax Revenue News

    US deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says

    US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb.
    Business
    Updated 12 days ago

    MCD collects ₹3,116 crore in property tax, falls ₹400 cr short of target

    MCD official said the corporation collected <span class='webrupee'>₹</span>441.56 crore from outdoor advertisements.
    Cities
    Published 142 days ago

    Over ₹1.96 lakh crore tax revenue collected in Uttar Pradesh till February

    UP CM Yogi Adityanath has directed all departments to accelerate efforts toward achieving targets through transparency, efficiency, and innovation-driven functioning (FILE PHOTO)
    Cities
    Published 176 days ago

    Mamdani Takes New York Hostage

    Zohran Mamdani, mayor of New York, during an interview at City Hall in New York, US.
    World News
    Updated 185 days ago

    Tobacco tax hike could fuel illegal trade and undermine public revenue

    A farmer dries tobacco leaves at a farm on the outskirts of Sanand, near Ahmedabad
    Ht Insight
    Published 213 days ago

    Will you receive $2,000 checks in 2026? Fresh update on Trump's tariff payments

    Trump's plan for tariff payments faces potential postponements, needing congressional approval, according to Hassett.
    World News
    Published 216 days ago

    Uttar Pradesh’s tax collection rises despite dip in VAT

    Finance minister Suresh Khanna released the details of the state govt’s earnings in December 2025 and first 9 months of 2025-2026 (HT file)
    Cities
    Published 230 days ago

    NY lawyer sues IRS to recognize her dog as dependent; is it legally possible?

    New York lawyer sues IRS to recognize her dog as dependent
    World News
    Published 239 days ago

    Himachal’s tax revenue likely to decrease by ₹1,726 crore

    Chief minister Sukhvinder Singh Sukhu
    Cities
    Published 259 days ago

    U.P’s tax, non-tax gains rise despite dip in GST collections

    (For representation)
    Cities
    Published 260 days ago

    Why the economy needs 4% inflation

    Household wisdom says that lower prices are better. But the household needs to see itself as a part of a larger story. (Mint Archive)
    Opinion
    Published 277 days ago

    What could be in store with GST rationalisation

    The rate rationalisation will impact three distinct areas: Revenue, economic growth and formalisation of the economy. (AFP)
    Opinion
    Updated 352 days ago

    Amid sluggish GST growth, fake firms eating into UP’s revenue

    The fake firms were fraudulently claiming input tax credit (ITC), without carrying out any actual transactions. (Pic for representation)
    Cities
    Published 382 days ago

    Uttar Pradesh seeks over ₹5-lakh crore from 16th Finance Commission

    It is the first time U.P. has put up demands before the finance commission department wise, following the example of other states. (FOR REPRESENTATION)
    Cities
    Published 436 days ago

    U.P. revenue up by ₹1,052 crore till May

    UP finance minister Suresh Khanna gave this information to the media on June 5. (HT file)
    Cities
    Published 444 days ago

    Most states, including Uttar Pradesh, want share in Central taxes hiked to 50%: Finance commission chairman

    Uttar Pradesh chief minister Yogi Adityanath and 16th Finance Commission chairman Arvind Panagariya at a meeting in Lucknow on Wednesday. (PTI PHOTO)
    Cities
    Published 444 days ago

    Punjab falls short of revenue target by 10% in 2024-25 fiscal

    The state government ended the financial year with <span class='webrupee'>₹</span>93,236 crore, a 4.5% increase in revenue collection over the <span class='webrupee'>₹</span>89,190 crore collected in the previous year. At <span class='webrupee'>₹</span>77,047 crore, the tax revenue, though short of the target for the year, was up 14% from the collection in 2023-24.
    Cities
    Published 452 days ago

    Punjab govt tightens fiscal belt, tells depts to cut wasteful expenditure, maximise revenue

    In 2024-25, the Punjab government, led by CM Bhagwant Mann, had overshot its revenue deficit budget estimate of <span class='webrupee'>₹</span>23,198 crore by <span class='webrupee'>₹</span>5,487 crore, or approximately 24%, ending the financial years with <span class='webrupee'>₹</span>28,685 crore as per revised estimates. (ANI)
    Cities
    Published 486 days ago

    Maharashtra expects to recover up to ₹3,000 crore from unrealised tax revenue under amnesty scheme

    Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar arrives to attend the Budget session of Maharashtra Assembly, at Vidhan Bhavan, in Mumbai, Friday, March 21, 2025. (PTI Photo) (PTI03_21_2025_000321A) (PTI)
    Cities
    Published 519 days ago

    Maharashtra budget: State is owed ₹1.66 lakh crore in tax, non-tax revenue

    Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar arrives to attend the Budget session of the state Assembly, in Mumbai, Tuesday, March 11, 2025. (PTI Photo)(PTI03_11_2025_000274B) (PTI)
    Cities
    Published 529 days ago

    American woman living in Bengaluru talks about 'insane tax burden on Indians'

    An American woman has suggested taxing NRIs to transform India.
    Trending
    Published 537 days ago

    Punjab’s tax revenue up due to govt efforts: Harpal Singh Cheema

    Punjab finance minister Harpal Singh Cheema said this fiscal year has seen a continuation of the previous years’ trend, with a 13.4% growth rate in net GST, 14.4% rise in excise, 5.10% climb in VAT, 17% increase in CST, and 13.65% rise in PSDT up to February when compared to the same period in FY 2023-24 (HT File)
    Cities
    Published 538 days ago

    Stop choking the consuming class

    FILE PHOTO: FILE PHOTO: India's Ministry of Finance building is silhouetted against the setting sun in New Delhi April 2, 2015. REUTERS/Adnan Abidi/File Photo/File Photo (REUTERS)
    Editorials
    Updated 570 days ago

    UP collects ₹1.35 lakh crore tax revenue in 8 months

    For representation only (File Photo)
    Cities
    Updated 626 days ago

    UP govt rakes in ₹1.16L cr tax revenue in first 7 months of 2024-2025

    The minister said GST, along with VAT, was the highest revenue earner for the government. (Pic for representation)
    Cities
    Updated 655 days ago

    Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

    Union Budget 2024: Union finance minister Nirmala sitharaman with Mos leaving Finance ministry for Parliament house to present the General budget in New Delhi on Tuesday Photo by Arvind Yadav/HT
    Budget
    Updated 761 days ago

    Punjab sees 15% jump in tax revenue despite sluggish GST

    The Punjab government registered an increase of 15% year-on-year (YoY) in its tax revenue in the first quarter (April-June) of the financial year 2024-25
    Cities
    Updated 762 days ago

    Reforming India's tax culture for better tax to GDP ratio

    GDP or gross domestic product. (Shutterstock)
    Ht Insight
    Published 768 days ago

    Uttar Pradesh revenue collection goes up

    The Uttar Pradesh government continues to witness a consistent increase in its revenue collections getting a tax revenue of <span class='webrupee'>₹</span>51,345.96 crore in the first quarter (April 1 to June 30) of 2024-2025. (For Representation)
    Cities
    Updated 774 days ago

    Amnesty schemes help state recover ₹3,150 crore in tax revenue

    HT Image
    Cities
    Updated 782 days ago
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