The revised estimate for net tax revenue receipt in the current fiscal year, after devolution to states, will be at about the same level as the budget estimate, despite a likely shortfall in excise duty collections. According to sources familiar with the matter, even though there might be a shortfall in excise duty collections, the net tax revenue is expected to remain steady. This is noteworthy as it provides some stability in the budget estimate. The revised estimate takes into account factors such as the devolution to states and the likely impact of excise duty collections. For more details, please read the full article.