Major tax collections, barring personal income tax, decline in October

Centre's fiscal deficit till October at 45% of budget estimates, bit lower than last year's

Collections from major central taxes - corporation, central goods and services tax (CGST), excise duty and customs duty - before devolution to the states declined in October this financial year, leading to the total tax receipts dropping by 1.2 per cent at Rs 2.15 trillion compared to Rs 2.18 trillion in the corresponding month of 2022-23.

It was mainly personal income tax that saved the day for tax receipts. Collections under this head rose 31.1 per cent at Rs 69,583 crore in the month against Rs 53,057 crore a year ago, according to data released by the Controller General of