For the financial year 2023, GST or the goods and services tax is estimated to constitute 28 percent of the gross tax revenue. Customs account for eight percent of the gross tax revenue, the lowest in comparison to other types of taxes.

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 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.

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

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.

In the fiscal year 2023, Google India's revenue amounted to nearly ** billion Indian rupees. Although a slight decline from the previous year, the revenue continued to reflect an immense recovery from the pandemic years. Google India's derives its revenue from three segments - ad space resale, enterprise product sales, and providing IT services. What made the revenue slip to such a low? To understand this, it is important to note that Google’s advertising revenue is the biggest contributor to its overall revenue. And while Google is the undisputed leader in India’s mobile search engine market, its biggest cash cow- Google AdWords, is registered under the Google Asia Pacific division. As such, the profits from AdWords cannot be filed as part of the Indian division without being taxed. This is mainly owing to the newly imposed accounting standards in India, aimed at providing more transparency in the way technology companies report their financial results. Why India Inc. matters This certainly comes as a blow to the company since India is one of the fastest growing digital ad markets, expected to be worth almost *** billion rupees by fiscal year 2024. But the tech giant is poised to expand its niche from advertising to other future-driven products including digital payments, cloud computing and more, for which India serves as a fertile testing ground.

Tax revenue (% of GDP) in India was reported at 6.7344 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The Indian branch of Meta, Facebook India Online Services, generated an income of more than 30 billion Indian rupees in the financial year 2024. This was a result of a nine percent increase in operating revenues and a 25 percent decrease in non-operating revenue that year. Simultaneously, the company's profits spiked by 43 percent that year.

Taxes on income, profits and capital gains (% of revenue) in India was reported at 34.83 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Taxes on income, profits and capital gains (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Interest payments (% of revenue) in India was reported at 33.98 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In the financial year 2022, corporate revenue in India stood at almost 44 trillion Indian rupees, an increase from around 35 trillion rupees last year. Corporate revenue is expected to grow in the financial year 2023 despite a global slowdown.

Direct, indirect and total tax revenue, direct, indirect and gross central taxes and direct, indirect and total states share in central taxes from 1950-51 to 2017-18 BE

Customs and other import duties (% of tax revenue) in India was reported at 7.4354 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Customs and other import duties (% of tax revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Taxes on exports (% of tax revenue) in India was reported at 0.00493 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Taxes on exports (% of tax revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Revenue, excluding grants (% of GDP) in India was reported at 9.1101 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Revenue, excluding grants (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India IT Industry Revenue: USD: Domestic data was reported at 41.000 USD bn in 2019. This stayed constant from the previous number of 41.000 USD bn for 2018. India IT Industry Revenue: USD: Domestic data is updated yearly, averaging 20.380 USD bn from Mar 1997 (Median) to 2019, with 23 observations. The data reached an all-time high of 48.000 USD bn in 2015 and a record low of 2.661 USD bn in 1997. India IT Industry Revenue: USD: Domestic data remains active status in CEIC and is reported by National Association of Software and Service Companies. The data is categorized under Global Database’s India – Table IN.TF007: Information Technology Statistics: National Association of Software and Service Company: IT-BPM: Domestic Revenue.

Grants and other revenue (% of revenue) in India was reported at 26.02 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Grants and other revenue (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

India RA: Receipts: Gross Tax Revenue (GTR) data was reported at 25,521,310.000 INR mn in 2020. This records an increase from the previous number of 22,481,752.000 INR mn for 2019. India RA: Receipts: Gross Tax Revenue (GTR) data is updated yearly, averaging 6,052,980.500 INR mn from Mar 1998 (Median) to 2020, with 23 observations. The data reached an all-time high of 25,521,310.000 INR mn in 2020 and a record low of 1,257,127.400 INR mn in 1998. India RA: Receipts: Gross Tax Revenue (GTR) data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s India – Table IN.FA015: Consolidated Fund of India: Revenue Account: Receipts.

India All States: Revenue Receipts: Tax: State: Income data was reported at 54,983.600 INR mn in 2019. This records a decrease from the previous number of 55,970.600 INR mn for 2018. India All States: Revenue Receipts: Tax: State: Income data is updated yearly, averaging 25,631.800 INR mn from Mar 1991 (Median) to 2019, with 29 observations. The data reached an all-time high of 57,032.000 INR mn in 2017 and a record low of 6,022.900 INR mn in 1993. India All States: Revenue Receipts: Tax: State: Income data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Government and Public Finance – Table IN.FF001: Revenue Receipts: All States.

India Service Tax Revenue data was reported at 2,494.878 INR bn in 2017. This records an increase from the previous number of 2,212.340 INR bn for 2016. India Service Tax Revenue data is updated yearly, averaging 230.529 INR bn from Mar 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 2,494.878 INR bn in 2017 and a record low of 4.106 INR bn in 1995. India Service Tax Revenue data remains active status in CEIC and is reported by Central Board of Indirect Taxes and Customs. The data is categorized under Global Database’s India – Table IN.FA013: General Government Service Tax Revenue.