Larger companies earning profits before tax worth more than five billion Indian rupees had an effective tax rate of 21.9 percent, the lowest among other profit brackets in the financial year 2022. After the corporate tax cuts of 2019, companies are paying a smaller share of profits than the statutory rate. The actual tax outgo as a share of profits is called the effective tax rate.

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.

The corporation tax in India was estimated to increase by 13 percent in the financial year 2025. This was a growth as compared to previous year, however, less than the increase in financial year 2023. Corporate tax is a direct tax on the net income or profits of corporations.

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.

The effective tax rate paid by Reliance Industries was 16.5 percent in the financial year 2022 whereas Bajaj Finance paid 26 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.

Key information about India Tax Revenue

• India Tax Revenue was reported at 7.014 USD bn in Jan 2025.
• This is a decrease from the previous figure of 47.031 USD bn for Dec 2024.
• India Tax Revenue data is updated monthly, averaging 6.918 USD bn from Apr 1997 to Jan 2025, with 334 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.

CEIC converts monthly Tax Revenue into USD. The Controller General of Accounts provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions. Tax Revenue covers Central Government only.

In fiscal year 2024, the value of taxes on income and property in India was projected to be about 21 trillion Indian rupees. Over 15 trillion rupees from taxes collected on income and property in the country were recorded in financial year 2022.

This dataset contains the number of personal income taxpayers in India by tax slabs.

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.

The Personal Income Tax Rate in Kuwait stands at 0 percent. This dataset provides - Kuwait Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This Dataset contains year and state-wise total amount of net direct tax collection Note: The Data is as per Principal Chief Controller of Accounts, CBDT

The average for 2019 based on 11 countries was 30.55 percent. The highest value was in India: 49.7 percent and the lowest value was in Brunei: 8 percent. The indicator is available from 2005 to 2019. Below is a chart for all countries where data are available.

As of September 2023, the southern state of Karnataka had the highest tax rate of over 80 percent on the maximum retail price (MRP) of alcohol in India. In comparison, Goa's tax rate on alcohol MRP was about 50 percent. The disparity in alcohol tax rates among different Indian states has led to the smuggling of alcohol across borders.

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.

Over 86 million income tax returns were filed in India in the assessment year 2024. There were over 44 million taxpayers in the income group of 250 thousand to 500 thousand Indian rupees, the highest across all other income categories.

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.

The effective tax rate in India has been on a decline since 2018. After the corporate tax cuts of 2019, companies are paying a smaller share of profits than the statutory rate. The actual tax outgo as a share of profits is called the effective tax rate.

Government Revenues in India increased to 2400412 INR Tens of Million in January from 2318005 INR Tens of Million in December of 2024. This dataset provides - India Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Over 86 million income tax returns (ITRs) were filed in the assessment year 2024 in India. It was estimated to increase to over 91 million in the year 2025. The number of income taxpayers has more than doubled since 2014.

India’s per capita net national income or NNI was around 200 thousand rupees in financial year 2025. The annual growth rate was 8.6 percent as compared to the previous year. National income indicators   While GNI (Gross National Income) and NNI are both indicators for a country’s economic performance and welfare, the GNI is related to the GDP plus the net receipts from abroad, including wages and salaries, property income, net taxes and subsidies receivable from abroad. On the other hand, the NNI of a country is equal to its GNI net of depreciation. In 2020, India ranked second amongst the Asia Pacific countries in terms of its gross national income. This has been possible due to a favorable GDP growth in India. Measuring wealth versus welfare   National income per person or per capita is often used as an indicator of people's standard of living and welfare. However, critics object to this by citing that since it is a mean value, it does not reflect the real income distribution. In other words, a small wealthy class of people in the country can skew the per capita income substantially, even though the average population has no change in income. This is exemplified by the fact that in India, the top one percent of people, control over 40 percent of the country’s wealth.