India: Commercial tax rate
* indicates monthly or quarterly data series
| India |
Tax rate, percent of commercial profits |
|---|---|
| Latest value | 49.7 |
| Year | 2019 |
| Measure | percent |
| Data availability | 2013 - 2019 |
| Average | 54.41 |
| Min - Max | 49.7 - 56.2 |
| Source | The World Bank (doing business survey) |
For that indicator, we provide data for India from 2013 to 2019. The average value for India during that period was 54.41 percent with a minimum of 49.7 percent in 2019 and a maximum of 56.2 percent in 2016.
The latest value from 2019 is 49.7 percent. For comparison, the world average in 2019 based on 184
countries is 40.53 percent.
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use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series
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Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
| Related indicators | Latest value | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 10.49 | 2022 | percent |
| Government spending, in dollars | 355.08 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -9.60 | 2021 | percent |
| Government debt | 83.75 | 2021 | percent |
| Government expenditure | 6,988.95 | Q3/2023 | billion |
| Long-term government bond yield | 7.28 | 9/2022 | percent |
| Tax revenue | 12.02 | 2018 | percent |
| Commercial tax rate | 49.70 | 2019 | percent |
| Tax preparation time | 252 | 2019 | hours |
| Number of taxes | 11 | 2019 | taxes |
| Taxes on goods and services | 40.87 | 2018 | percent |
| Taxes on international trade | 4.51 | 2018 | percent |
| Income and profits taxes | 45.65 | 2018 | percent |
| Foreign aid | 3,118.70 | 2021 | million U.S. dollars |