India: Income and profits taxes

* indicates monthly or quarterly data series
 India

Income, profits, and capital gains taxes: percent of revenue

 Latest value 45.65
 Year 2018
 Measure percent
 Data availability 1974 - 2018
 Average 27.97
 Min - Max 13.87 - 50.27
 Source The World Bank
For that indicator, we provide data for India from 1974 to 2018. The average value for India during that period was 27.97 percent with a minimum of 13.87 percent in 1987 and a maximum of 50.27 percent in 2009. The latest value from 2018 is 45.65 percent. For comparison, the world average in 2018 based on 125 countries is 24.79 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
India - Income and profits taxes - Recent values chart

Historical chart
India - Income and profits taxes - historical chart - 1974-2018




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 10.35 2022 percent
 Government spending, in dollars 353.60 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -9.22 2022 percent
 Government debt 81.68 2022 percent
 Government expenditure 7,178.65 Q3/2023 billion
 Long-term government bond yield 7.17 9/2023 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
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