The Personal Income Tax Rate in India stands at 42.74 percent. source: Ministry of Finance, Government of India
Personal Income Tax Rate in India averaged 33.84 percent from 2004 until 2022, reaching an all time high of 42.74 percent in 2020 and a record low of 30 percent in 2005. This page provides - India Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Personal Income Tax Rate - values, historical data and charts - was last updated on February of 2023.
Personal Income Tax Rate in India is expected to reach 42.74 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Personal Income Tax Rate is projected to trend around 42.74 percent in 2024, according to our econometric models.