Taxes on income, profits and capital gains in India
India: Taxes on income, profits and capital gains was 34.8% in 2022. ▲ Rising
Taxes on income, profits and capital gains in India, 1974–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in India is 34.8%, measured in 2022.
The figure is down 22.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in India peaked at 50.3% in 2009 and was at its lowest, 13.9%, in 1987.
That places India 29th out of 153 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Taxes on income, profits and capital gains in India, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1974 | 21.0% | — |
| 1975 | 22.8% | +8.3% |
| 1976 | 21.6% | -5.3% |
| 1977 | 20.2% | -6.3% |
| 1978 | 18.7% | -7.4% |
| 1979 | 18.7% | -0.3% |
| 1980 | 17.8% | -4.9% |
| 1981 | 18.7% | +5.5% |
| 1982 | 17.8% | -5.1% |
| 1983 | 17.2% | -3.6% |
| 1984 | 15.7% | -8.6% |
| 1985 | 15.0% | -4.1% |
| 1986 | 14.4% | -4.4% |
| 1987 | 13.9% | -3.5% |
| 1988 | 15.5% | +11.8% |
| 1989 | 14.5% | -6.8% |
| 1990 | 14.8% | +2.6% |
| 1991 | 17.3% | +16.3% |
| 1992 | 17.8% | +3.0% |
| 1993 | 19.6% | +10.3% |
| 1994 | 21.6% | +10.3% |
| 1995 | 22.5% | +4.1% |
| 1996 | 22.4% | -0.4% |
| 1997 | 20.6% | -8.0% |
| 1998 | 23.5% | +14.1% |
| 1999 | 24.6% | +4.7% |
| 2000 | 27.0% | +9.7% |
| 2001 | 26.7% | -1.0% |
| 2002 | 28.5% | +6.4% |
| 2003 | 31.5% | +10.7% |
| 2004 | 34.1% | +8.1% |
| 2005 | 35.9% | +5.5% |
| 2006 | 39.5% | +9.9% |
| 2007 | 43.9% | +11.2% |
| 2008 | 45.2% | +3.0% |
| 2009 | 50.3% | +11.1% |
| 2010 | 43.4% | -13.7% |
| 2011 | 48.4% | +11.5% |
| 2012 | 44.8% | -7.3% |
| 2013 | 46.6% | +3.9% |
| 2014 | 47.7% | +2.3% |
| 2015 | 42.9% | -10.1% |
| 2016 | 42.5% | -0.9% |
| 2017 | 45.8% | +7.8% |
| 2018 | 45.6% | -0.3% |
| 2022 | 34.8% | -23.7% |
India compared with similar countries
- India's 34.8% is above the median for lower middle income countries, which is 25.8%, 1.4× the median. (35 countries reporting)
- India's 34.8% is above the median for South Asia, which is 26.2%, 1.3× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.5% | 18.7% | 22.8% | 6 |
| 1980s | 16.0% | 13.9% | 18.7% | 10 |
| 1990s | 20.5% | 14.8% | 24.6% | 10 |
| 2000s | 36.3% | 26.7% | 50.3% | 10 |
| 2010s | 45.3% | 42.5% | 48.4% | 9 |
| 2020s | 34.8% | 34.8% | 34.8% | 1 |
Countries ranked near India
More public sector data for India
- Arms imports 1.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.805 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -21.66 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 59.36 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0229 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.66 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 86.13 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 501.48 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in India?
- Taxes on income, profits and capital gains in India was 34.8% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in India?
- The highest recorded value was 50.3% in 2009.
- What is the lowest taxes on income, profits and capital gains recorded in India?
- The lowest recorded value was 13.9% in 1987.
- How does India rank for taxes on income, profits and capital gains?
- India ranks 29th out of 153 countries with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in India?
- Over the last ten years it is down 22.3%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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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.