The Personal Income Tax Rate in India stands at 39 percent. This dataset provides - India Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in India stands at 34.94 percent. This dataset provides - India Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Income tax statistics: When we talk about income simultaneously, we consider income tax. Every country in this world apart from a few countries tax payable countries. There are many types of taxes that a person has to pay in his employment period. Be it a business or any individual doing a normal job, they are never exempted from paying income tax unless the income doesn’t fall under the predetermined slab. In these Income tax statistics, we will get an idea of what income tax is, how it is different in every country, and many other insights. It is not only the duty of the individual to pay taxes but also corporations that run their business within specified legal boundaries. What Refers To Income Tax? The word tax refers to the amount paid to the government on the income earned by any individual by means of business or employment within the local boundaries. It is not mandatory to pay taxes until the individual reaches the predetermined tax slab. Income tax is a part of the government’s revenue used to spend on public services or utilities. The income is used only for the good of the public within the specified boundaries (Source: Investopedia.com)

Revenue for income and corporation taxes across state and central governments in India amounted to an estimated 8.4 trillion Indian rupees in financial year 2017. This was a tremendous increase from about 6.8 trillion rupees in fiscal year 2015. This segment of tax revenues up the highest value, followed by sales tax during the measured time period. Tax revenues totaled an estimated 26 trillion rupees in fiscal year 2017.

Key information about India Tax Revenue

• India Tax Revenue was reported at 5.084 USD bn in Oct 2025.
• This is a decrease from the previous figure of 47.436 USD bn for Sep 2025.
• India Tax Revenue data is updated monthly, averaging 7.969 USD bn from Apr 1997 to Oct 2025, with 343 observations.
• The data reached an all-time high of 57.464 USD bn in Mar 2024 and a record low of -8.877 USD bn in Feb 2022.
• India Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Monthly.

The effective tax rate paid by Reliance Industries was **** percent in the financial year 2022 whereas Bajaj Finance paid ** percent. The effective tax rate of some of the leading companies of India fell below the statutory concessional rate. The actual tax outgo as a share of profits is called the effective tax rate.

The Sales Tax Rate in India stands at 18 percent. This dataset provides - India Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India: Tax revenue, percent of GDP: The latest value from 2022 is 6.73 percent, a decline from 12.02 percent in 2018. In comparison, the world average is 17.45 percent, based on data from 110 countries. Historically, the average for India from 1974 to 2022 is 9.7 percent. The minimum value, 6.73 percent, was reached in 2022 while the maximum of 12.11 percent was recorded in 2007.

As per Indian Union Budget estimates for financial year 2025, direct taxes accounted for ** percent and indirect taxes accounted for ** percent of total central tax collection in India. The source mentions that due to a cut in the corporate tax rate in 2019 and an increase in excise duty in financial year 2021, the share of direct taxes witnessed a fall following 2019. In a progressive tax system, the share of direct taxes is higher than indirect taxes.

India: Taxes on goods and services, percent of total revenue: The latest value from 2022 is 32.6 percent, a decline from 40.87 percent in 2018. In comparison, the world average is 32.42 percent, based on data from 110 countries. Historically, the average for India from 1974 to 2022 is 33.1 percent. The minimum value, 21.68 percent, was reached in 2010 while the maximum of 44.07 percent was recorded in 1974.

Over ** million income tax returns were filed in India in the assessment year 2024. There were over ** million taxpayers in the income group of *** thousand to *** thousand Indian rupees, the highest across all other income categories.

This dataset provides values for PERSONAL INCOME TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

India: Taxes on international trade, percent of total revenue: The latest value from 2022 is 5.49 percent, an increase from 4.51 percent in 2018. In comparison, the world average is 6.08 percent, based on data from 87 countries. Historically, the average for India from 1974 to 2022 is 18.5 percent. The minimum value, 4.51 percent, was reached in 2018 while the maximum of 28.68 percent was recorded in 1987.

Time series data for the statistic Paying taxes (DB17-20 methodology) - Score and country India. Indicator Definition:The score for paying taxes is the simple average of the scores for each of the component indicators, the payments, time and total tax and contribution rate for a company to comply with tax laws in an economy, as well as the postfiling procedures to request and process a VAT refund claim and to comply with and complete a corporate income tax correction. The score is computed based on the methodology in the DB17-20 studies.

This dataset provides tax rates (Value Added Tax, Entry Tax, Luxury Tax) on tobacco products in 10 Indian States (Karnataka, Kerala, Goa, Madhya Pradesh, Gujarat, Haryana, Bihar, West Bengal, Meghalaya, and Nagaland) for the period of 1990-2017. The dataset provides tax rates for three major categories of tobacco products (cigarettes, bidis, and smokeless products) month-wise starting from the financial year April 1990 - March 1991 till the financial year April 2016 - March 2017. These data were collected from relevant statutes, notifications, public notices by concerned state governments typically available through state government commercial tax department websites occasionally supplemented by free internet searches for specific documents not available or accessible on state government websites.The following points will help better understand the dataset and its strengths and limitations:The numerical data in each cell refers to the rate of the tax on given tobacco product that prevailed at a given time (month/year). The data provided is a decimal fraction and is to be multiplied by 100 to derive the percentage e.g. 0.01 in the dataset imply 1% of tax rate.The Value Added Tax (VAT) Acts were enacted in Indian states in early 2000s and generally came to be implemented around the year 2005. In our dataset, we capture the VAT rates on tobacco from March 2005 onward. However, the actual implementation could have been a little earlier in some states. VAT rates are generally provided till March 2017 after which, VAT was subsumed in the Goods and Services Tax.In case of the Entry Tax and the Luxury Tax, only some of the states levied such taxes on tobacco products. In case of the states that levied these taxes on tobacco, we have captured data from March 1990 onward as our study period was 1990-2017. This does not necessarily imply that such taxes were not levied on tobacco before March 1990.Blank cells or cells with missing values denote that the given tax type was not levied on the given tobacco products for that time point.At times, additional tax or surcharge was levied under the VAT Act in addition to the VAT rate for tobacco. The dataset provides the VAT rates that are inclusive of such additional tax or surcharge and in such cases, a comment clarifying this has been inserted in the dataset.At times, different smokeless tobacco products had different tax rates levied on them. In such cases, we have generally indicated the highest tax rate in the dataset while including a comment clarifying the different rates for different smokeless tobacco items.Rarely, the VAT rate was levied in form of a fixed amount per certain number of products (cigarette sticks) instead of a fixed percentage of the product value. In such instance, we have inserted a comment in the dataset clarifying this.We found it complex to track all the changes done in tax rates on tobacco over time under these three tax categories. There were several amendments to the tax legislations and several notifications issued under these tax legislations regarding changes in tax rates on tobacco. It is likely that we missed out capturing all these changes, especially as some of the notifications were missing from the government websites. So, there are likely to be errors in terms of the tax rates and the exact period for which specific rates prevailed. We tried our best to capture data from authoritative sources as much as possible given the limited time and resources we had.This dataset was produced as part of the broader research project that explored the political economy of tobacco, titled “Deciphering an epidemic of epic proportion: the role of state and tobacco industry in tobacco control in post-liberalised India (1990-2017)”. We thank the DBT/Wellcome Trust India Alliance for funding this project through the Intermediate (Clinical and Public Health) Fellowship awarded to Upendra Bhojani (IA/CPHI/17/1/503346). While collecting these data, an earlier document compiling tax rates on tobacco at state level by Mr. Gaurav Gupta of the Campaign for Tobacco-Free Kids for the period 2010-2011 to 2016-2017 served as a useful reference. We thank him for sharing such resource with us.

Data inputs for the paper "Impact of cigarette tax increase on health and financing outcomes in four Indian states"

BackgroundTaxing sugar-sweetened beverages (SSBs) has been proposed in high-income countries to reduce obesity and type 2 diabetes. We sought to estimate the potential health effects of such a fiscal strategy in the middle-income country of India, where there is heterogeneity in SSB consumption, patterns of substitution between SSBs and other beverages after tax increases, and vast differences in chronic disease risk within the population.Methods and FindingsUsing consumption and price variations data from a nationally representative survey of 100,855 Indian households, we first calculated how changes in SSB price alter per capita consumption of SSBs and substitution with other beverages. We then incorporated SSB sales trends, body mass index (BMI), and diabetes incidence data stratified by age, sex, income, and urban/rural residence into a validated microsimulation of caloric consumption, glycemic load, overweight/obesity prevalence, and type 2 diabetes incidence among Indian subpopulations facing a 20% SSB excise tax. The 20% SSB tax was anticipated to reduce overweight and obesity prevalence by 3.0% (95% CI 1.6%–5.9%) and type 2 diabetes incidence by 1.6% (95% CI 1.2%–1.9%) among various Indian subpopulations over the period 2014–2023, if SSB consumption continued to increase linearly in accordance with secular trends. However, acceleration in SSB consumption trends consistent with industry marketing models would be expected to increase the impact efficacy of taxation, averting 4.2% of prevalent overweight/obesity (95% CI 2.5–10.0%) and 2.5% (95% CI 1.0–2.8%) of incident type 2 diabetes from 2014–2023. Given current consumption and BMI distributions, our results suggest the largest relative effect would be expected among young rural men, refuting our a priori hypothesis that urban populations would be isolated beneficiaries of SSB taxation. Key limitations of this estimation approach include the assumption that consumer expenditure behavior from prior years, captured in price elasticities, will reflect future behavior among consumers, and potential underreporting of consumption in dietary recall data used to inform our calculations.ConclusionSustained SSB taxation at a high tax rate could mitigate rising obesity and type 2 diabetes in India among both urban and rural subpopulations.Please see later in the article for the Editors' Summary

In a survey conducted in 2024, ** percent of Indians support imposing wealth tax on wealthy people in India. Nine percent opposed the idea of higher tax on wealth of the wealthy.

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This dataset provides values for CORPORATE TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.