India vs Upper middle income: Taxes on income, profits and capital gains
India
34.8%
in 2022
Upper middle income
25.4%
in 2024
India rank
29th
Upper middle income rank
26th
Taxes on income, profits and capital gains over time
- India
- Upper middle income
How they compare
India currently reports 34.8% against 25.4% in Upper middle income, a difference of 9.4%.
That makes India's figure about 1.4 times Upper middle income's.
Across all 23 years both countries report, India has been ahead every year.
India ranks 29th and Upper middle income ranks 26th of 153 countries.
India has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | India | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.8% | 19.1% | 3.7% | India |
| 2000s | 37.3% | 19.4% | 17.9% | India |
| 2010s | 45.3% | 21.9% | 23.4% | India |
| 2020s | 34.8% | 22.9% | 11.9% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, India or Upper middle income?
- India, at 34.8% against 25.4% in Upper middle income as of 2022.
- What is the difference in taxes on income, profits and capital gains between India and Upper middle income?
- 9.4%, with India ahead.
- How many years of comparable data are there for India and Upper middle income?
- 23 years are reported by both, from 1996 to 2022.
- How do India and Upper middle income rank globally for taxes on income, profits and capital gains?
- India ranks 29th and Upper middle income ranks 26th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.