The corporation tax in India was estimated to have a GDP contribution of a little over three percent in the financial year 2025, a slight increase from the previous year. Corporate tax is a direct tax on the net income or profits of corporations.

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.

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.

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.

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

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.

The Withholding Tax Rate in India stands at 20 percent. This dataset includes a chart with historical data for India Withholding Tax Rate.

The corporate tax rate in India was forecast to continuously decrease between 2024 and 2029 by in total 1.4 percentage points. After the sixth consecutive decreasing year, the corporate tax rate is estimated to reach 28.2 percent and therefore a new minimum in 2029. Depicted is the corporate tax rate in the country or region at hand. The shown rate refers to the nominal top marginal tax rate. The actual rate usually varies considerably by company.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the corporate tax rate in countries like Sri Lanka and Bangladesh.

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.

A taxa de Imposto de Renda Pessoal na Índia é de 39 por cento. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Índia - Imposto de Renda da Pessoa Física.

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.

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.

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.

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.

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.

By the financial year 2022, 13.6 percent of the income group of up to 500 thousand Indian rupees left the lower strata. There was over eight percent growth in the income tax filing population in the group of 500 thousand to one million income.

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 India Accounting Professional Services Market is segmented By Type of Service (Tax Preparation Services, Bookkeeping Services, Payroll Services, and Others), By Region (North, South, East, and West).

Bank return on assets (%, after tax) in India was reported at 0.849 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Bank return on assets (%, after tax) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

In the financial year 2022, the share of zero tax liability in total income tax returns declined to 64 percent from around 84 percent in the financial year 2011. Zero-tax liability returns mean that an individual’s taxable income falls below the basic exemption limit and they are not liable to pay any tax.