India - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in India was 45.65 as of 2018. Its highest value over the past 44 years was 50.27 in 2009, while its lowest value was 13.87 in 1987.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1974 21.03
1975 22.79
1976 21.59
1977 20.24
1978 18.75
1979 18.68
1980 17.77
1981 18.74
1982 17.79
1983 17.15
1984 15.67
1985 15.04
1986 14.38
1987 13.87
1988 15.51
1989 14.47
1990 14.84
1991 17.26
1992 17.77
1993 19.61
1994 21.62
1995 22.51
1996 22.41
1997 20.62
1998 23.51
1999 24.62
2000 27.01
2001 26.73
2002 28.45
2003 31.50
2004 34.07
2005 35.93
2006 39.50
2007 43.92
2008 45.23
2009 50.27
2010 43.38
2011 48.38
2012 44.84
2013 46.58
2014 47.67
2015 42.86
2016 42.47
2017 45.77
2018 45.65

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance