Indirect tax to rise by 8.3 pc, corporate tax by 10.4 pc in FY26: Report

India's indirect tax collection is set to grow by 8.3% in FY26, driven by increased GST revenue due to strong urban consumption, according to an ICICI Bank report. Corporate tax collections are also expected to rise by 10.4%, while government spending is projected to increase by 7.4%. The fiscal deficit is revised downwards to 4.8% of GDP.