
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 |
Reference | 2018 |
Measure | percent |
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 127
countries is 24.29 percent.
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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.