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 |
The latest value from 2018 is 45.65 percent, a decline from 45.77 percent in 2017. In comparison, the world average is 27.51 percent, based on data from 132 countries. Historically, the average for India from 1974 to 2018 is 27.97 percent. The minimum value, 13.87 percent, was reached in 1987 while the maximum of 50.27 percent was recorded in 2009.
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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 | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 10.50 | 2023 | percent |
| Government spending, in dollars | 370.69 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -8.32 | 2023 | percent |
| Government debt | 83.02 | 2023 | percent |
| Government expenditure | 7,769.20 | Q3/2024 | billion |
| Long-term interest rate | 6.78 | 12/2024 | 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 | 2,831.24 | 2022 | million U.S. dollars |