Taxes on income, profits and capital gains in India
India: Taxes on income, profits and capital gains was 47.1% 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 total taxes.
Analysis
India recorded 47.1% for taxes on income, profits and capital gains in 2022.
Compared with earlier readings it is down 9.8% over ten years.
Over the whole period, taxes on income, profits and capital gains in India peaked at 58.8% in 2009 and was at its lowest, 17.6%, in 1987.
That places India 40th out of 153 countries with data for 2022, putting it in the middle of the range.
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 total taxes | Change |
|---|---|---|
| 1974 | 24.6% | — |
| 1975 | 27.8% | +13.0% |
| 1976 | 26.7% | -3.8% |
| 1977 | 26.2% | -2.0% |
| 1978 | 23.4% | -10.5% |
| 1979 | 22.8% | -2.5% |
| 1980 | 21.9% | -4.0% |
| 1981 | 23.1% | +5.6% |
| 1982 | 22.4% | -2.9% |
| 1983 | 21.0% | -6.6% |
| 1984 | 19.8% | -5.4% |
| 1985 | 18.9% | -4.5% |
| 1986 | 18.2% | -4.0% |
| 1987 | 17.6% | -3.2% |
| 1988 | 19.5% | +10.5% |
| 1989 | 18.9% | -2.7% |
| 1990 | 18.6% | -1.7% |
| 1991 | 22.1% | +18.8% |
| 1992 | 23.5% | +6.1% |
| 1993 | 26.6% | +13.5% |
| 1994 | 28.9% | +8.5% |
| 1995 | 29.9% | +3.6% |
| 1996 | 29.9% | +0.0% |
| 1997 | 27.5% | -8.0% |
| 1998 | 32.0% | +16.3% |
| 1999 | 33.5% | +4.7% |
| 2000 | 36.0% | +7.4% |
| 2001 | 36.8% | +2.2% |
| 2002 | 38.3% | +4.0% |
| 2003 | 41.3% | +7.8% |
| 2004 | 43.3% | +4.9% |
| 2005 | 44.3% | +2.2% |
| 2006 | 47.5% | +7.2% |
| 2007 | 52.6% | +10.8% |
| 2008 | 52.8% | +0.4% |
| 2009 | 58.8% | +11.4% |
| 2010 | 55.2% | -6.1% |
| 2011 | 54.8% | -0.7% |
| 2012 | 52.3% | -4.7% |
| 2013 | 53.4% | +2.3% |
| 2014 | 55.2% | +3.3% |
| 2015 | 50.4% | -8.7% |
| 2016 | 49.0% | -2.8% |
| 2017 | 51.2% | +4.6% |
| 2018 | 50.1% | -2.1% |
| 2022 | 47.1% | -6.0% |
India compared with similar countries
- India's 47.1% is above the median for lower middle income countries, which is 35.7%, 1.3× the median. (35 countries reporting)
- India's 47.1% is above the median for South Asia, which is 33.0%, 1.4× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.2% | 22.8% | 27.8% | 6 |
| 1980s | 20.1% | 17.6% | 23.1% | 10 |
| 1990s | 27.3% | 18.6% | 33.5% | 10 |
| 2000s | 45.1% | 36.0% | 58.8% | 10 |
| 2010s | 52.4% | 49.0% | 55.2% | 9 |
| 2020s | 47.1% | 47.1% | 47.1% | 1 |
Countries ranked near India
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Frequently asked questions
- What is taxes on income, profits and capital gains in India?
- Taxes on income, profits and capital gains in India was 47.1% 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 58.8% in 2009.
- What is the lowest taxes on income, profits and capital gains recorded in India?
- The lowest recorded value was 17.6% in 1987.
- How does India rank for taxes on income, profits and capital gains?
- India ranks 40th 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 9.8%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.