Skip to main content
logo

InsightRush

Video
politics

Big Shock for Alcohol Lovers: Siddaramaiah Introduces New Tax Strategy in Budget!

By Ram Chethan
Big Shock for Alcohol Lovers: Siddaramaiah Introduces New Tax Strategy in Budget!

Bengaluru, Mar 6: Karnataka Chief Minister Siddaramaiah, in his 17th budget, has announced a new method for taxing alcohol. From now on, the tax will be based on the alcohol content. This is expected to significantly increase the revenue of the Excise Department.

Bengaluru, Mar 6: Karnataka Chief Minister Siddaramaiah, in his 17th budget, has announced a new method for taxing alcohol. From now on, the tax will be based on the alcohol content. This is expected to significantly increase the revenue of the Excise Department.Titan Evoke 2.0, 1.32" AMOLED Display Smart Watch with AOD,1000 Nits, Functional Crown, Magnetic Strap, Metal Body,Fast Charge,24/7 Health Suite, BT Calling, SpO2, HRM, IP68 Smartwatch - Glacier Blue

The government plans to gradually increase tax rates based on ex-factory prices instead of a sudden hike. Through this phased approach, the Excise Department aims to collect ₹45,000 crore in revenue in the 2026-27 fiscal year.

By the end of February last year, the Excise Department had collected ₹36,492 crore, showing a 12.7% growth. This new strategy is expected to have a major impact on the state’s revenue.