Government Revenues in India increased to 732963 INR Tens of Million in May from 279288 INR Tens of Million in April of 2025. This dataset provides - India Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In fiscal year 2024, the revenue earned through taxes by the federal government in India was projected to account for nearly *** percent of the country's GDP. The share was expected to remain consistent in fiscal year 2025. The overall revenue receipts of the Indian central government were estimated to be *** percent of GDP for the financial year 2024.

Key information about India Tax revenue: % of GDP

• India Tax revenue: % of GDP was reported at 6.8 % in Dec 2024.
• This records a decrease from the previous number of 9.1 % for Sep 2024.
• India Tax revenue: % of GDP data is updated quarterly, averaging 7.4 % from Jun 1997 to Dec 2024, with 111 observations.
• The data reached an all-time high of 10.8 % in Mar 2015 and a record low of 3.0 % in Jun 2003.
• India Tax revenue: % of GDP 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: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Controller General of Accounts provides Tax Revenue in local currency. Ministry of Statistics and Programme Implementation provides Nominal GDP in local currency based on SNA 2008. Tax Revenue covers Central Government only. Nominal GDP prior to Q2 2011 is based on a combination of SNA 2008 and SNA 1993, at 2004-2005 prices and prior to Q2 2004 is based on SNA 1993, at 1999-2000 prices.

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.

Government Spending in India increased to 5084.19 INR Billion in the first quarter of 2025 from 3773.74 INR Billion in the fourth quarter of 2024. This dataset provides - India Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India's Union Budget for financial year 2026 estimated that ** percent of every rupee earned by the government comes from borrowings and liabilities. Income tax would account for ** percent of government earnings, whereas corporation tax would account for ** percent. Currently, about two-thirds of the government's income comes from taxes. What are revenue receipts? As per the Union Budget, government income consists of revenue and capital receipts. Revenue receipts include direct and indirect taxes. Direct taxes, such as personal income tax, corporate tax, and capital gains tax, are paid by individuals and businesses. Indirect taxes, on the other hand, are levied on goods and services and include goods and services tax (GST), customs, and excise duties. What are capital receipts? Capital receipts are receipts that create liabilities or reduce financial assets. Capital receipts can be either debt or non-debt. Debt capital receipts raise the government’s liabilities. This includes net borrowing at home, RBI borrowings, and loans from foreign governments. Non-debt capital receipts are not borrowed money and do not result in debt. These include the recovery of loans and earnings from the sale of PSU (public sector undertakings) shares, also known as disinvestment.

This Dataset contains Year and State-wise Percentage Share of Revenue from Service Tax and all Sharable Tax Revenue from Central Government to States of India according to the recommendations of 13th (2010-11 to 2014-15) 14th (2015-16 to 2019-20) and 15th (2020-21 to 2025-26) Finance Commission

Notes: 1) For 2022-23: Revenue Estimate, category: As per accepted recommendations of the Fourteenth Finance Commission, The state share has been fixed at 42% of the net proceeds of shareable Central Taxes

2) For 2023-24: Budget Estimate, category: As per accepted recommendations of the Fourteenth Finance Commission, The state share has been fixed at 42% of the net proceeds of shareable Central Taxes

3) share of all shareable taxes excluding service tax for 2015-16 to 2021-22: As per accepted recommendations of the Fourteenth Finance Commission, The state share has been fixed at 42% of the net proceeds of shareable Central Taxes

4) share of all shareable taxes excluding service tax for 2010-11 to 2014-15: As per accepted recommendations of the Fourteenth Finance Commission, The state share has been fixed at 32% of the net proceeds of shareable Central Taxes

The revenue expenditure of India's central government was estimated to decline to 12.7 percent of the country's GDP in financial year 2023 as compared to the previous year's share. The budget estimates for fiscal year 2024 depicts a further decline of almost one percent.

At the end of fiscal year 2018, the budgeted revenue expenditure on fiscal services of India's central and state governments amounted to more than *** billion Indian rupees. The revenue expenditure refers to expenditure which neither creates assets nor reduces liability.

Current and historical data on India's tax revenue - source-wise and state-wise collections, GDP contribution, taxpayer ratio, and comparison with global peers.

India Government Expenditure: Year to Date: Ministry of Finance: Department of Revenue: Capital data was reported at 1,222.600 INR mn in Feb 2025. This records an increase from the previous number of 1,188.400 INR mn for Jan 2025. India Government Expenditure: Year to Date: Ministry of Finance: Department of Revenue: Capital data is updated monthly, averaging 1.500 INR mn from Apr 2017 (Median) to Feb 2025, with 95 observations. The data reached an all-time high of 2,599.600 INR mn in Mar 2024 and a record low of -59.700 INR mn in Jan 2020. India Government Expenditure: Year to Date: Ministry of Finance: Department of Revenue: Capital data remains active status in CEIC and is reported by Controller General of Accounts. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FA005: Central Government: Controller General of Accounts (CGA): Expenditure: by Ministry-wise: Financial Year: Year to Date.

Revenue receipts do not lead to any future repayment obligation or reduction in the government’s assets. They are recurring in nature and are collected regularly by the government. Revenue receipts meet the government’s day-to-day expenses, including running public services, paying salaries, and maintaining infrastructure. Capital receipts are those receipts that create a liability or lead to a reduction in the government’s assets. These are generally non-recurring in nature and include transactions that affect the capital structure of the government, such as borrowing, sale of assets, or recovery of loans. Total Central Government Receipts is the sum of both revenue receipts and capital receipts. It represents the total income available to the central government in a fiscal year. This total determines the financial capacity of the government to meet its expenditures, both recurrent (revenue expenditure) and investment-related (capital expenditure).

For the financial year 2023, GST or the goods and services tax is estimated to constitute ** percent of the gross tax revenue. Customs account for ***** percent of the gross tax revenue, the lowest in comparison to other types of taxes.

The tax revenue from road transportation across India for the central government had amounted to approximately *** trillion Indian rupees in fiscal year 2019. High speed diesel were the highest taxed products across the south Asian country. Despite the introduction of the Goods and Services Tax in 2017, road tax continued to be paid over and above it.

The dataset contains All India Yearly Central Government Receipts from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2023-24 are Revised Estimates and Data for 2024-25 are Budget Estimates. 2. All the tax revenues in this table are net of State Government's share and amount assigned to National Calamity Contingency Fund (NCCF). 3. Capital Receipts for 2002-03, 2003-04 and 2004-05 include receipts under the State Debt Swap Scheme. 4. Capital Receipts and Total Receipts of 2007 include an amount of `34309 Crore which represents the Reserve Bank's surplus transferred to the Central Government on account of transfer of its stake in SBI to the Central Government. 5. Capital Receipts and total receipts exclude Drawdown of Cash balances.

Own Tax Revenue in economics refers to the income a government—particularly a state government—earns from taxes that it has the constitutional authority to levy and collect. For state governments in India, this includes taxes such as State Goods and Services Tax (SGST), excise duty on alcohol, stamp duty and registration fees, motor vehicle tax, land revenue, and entertainment tax (where applicable). These revenues are distinct from shared taxes (from the central government) and grants-in-aid. Own tax revenue is a vital component of a government’s fiscal capacity and autonomy. It reflects the government’s ability to generate resources independently, enabling it to plan and implement development programmes without heavy reliance on central transfers or borrowings. A robust own tax revenue base indicates an effective tax administration, strong compliance, and a diversified economic structure. For state governments, increasing own tax revenue is crucial for achieving financial sustainability, improving service delivery, and meeting the demands of decentralised governance. It also encourages accountability, as citizens are more likely to demand transparency and efficiency in spending when they contribute directly through taxes. Strengthening own tax revenue contributes to greater fiscal empowerment, enabling states to invest in infrastructure, education, health, and social welfare tailored to local needs.

Tax revenue in India is a significant component of the central government’s revenue receipts, and it is broadly categorised into direct taxes and indirect taxes. Each type of tax has its own structure, impact on the economy, and application in fiscal policy. Direct taxes are those that are directly levied on the income or wealth of individuals and corporations. The responsibility of paying the tax falls directly on the taxpayer, and the burden cannot be shifted to another party. Indirect taxes are those that are not directly levied on income but on goods and services. These taxes are collected by intermediaries (like retailers) from the consumers who bear the ultimate economic burden.

The dataset contains All India Yearly State Government Receipts from Handbook of Statistics on Indian Economy.

Note: 1. Data for 2022-23 relate to Revised Estimates while 2023-24 are Budget Estimates. 2. Data from 2017-18 onwards pertains to all States and UTs with legislatures. 3. Data for capital receipts prior to 1991-92 are adjusted for remittances (net). 4. Regarding share in Central tax revenue, see Notes on Tables. 5. Capital receipts include Public Accounts on a net basis.

India Gross Tax Revenue: Annual: Income Tax data was reported at 4,082,060.000 INR mn in 2018. This records an increase from the previous number of 3,405,920.000 INR mn for 2017. India Gross Tax Revenue: Annual: Income Tax data is updated yearly, averaging 1,141,945.000 INR mn from Mar 2001 (Median) to 2018, with 18 observations. The data reached an all-time high of 4,082,060.000 INR mn in 2018 and a record low of 317,640.000 INR mn in 2001. India Gross Tax Revenue: Annual: Income Tax data remains active status in CEIC and is reported by Controller General of Accounts. The data is categorized under Global Database’s India – Table IN.FA002: Central Government Receipts: Controller General of Accounts (CGA): Tax Revenue.

India: Government spending, billion USD: The latest value from 2023 is 370.69 billion U.S. dollars, an increase from 358.83 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for India from 1960 to 2023 is 83.99 billion U.S. dollars. The minimum value, 2.43 billion U.S. dollars, was reached in 1960 while the maximum of 370.69 billion U.S. dollars was recorded in 2023.