The Personal Income Tax Rate in India stands at 35.88 percent. source: Ministry of Finance, Government of India

Personal Income Tax Rate in India averaged 32.39 percent from 2004 until 2020, reaching an all time high of 35.88 percent in 2018 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 September of 2022.

Personal Income Tax Rate in India is expected to reach 35.88 percent by the end of 2020, 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 35.88 percent in 2021, according to our econometric models.

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India Personal Income Tax Rate



Related Last Previous Unit Reference
Personal Income Tax Rate 42.74 42.74 percent Dec 2021
Corporate Tax Rate 25.17 25.17 percent Dec 2021
Sales Tax Rate 18.00 18.00 percent Dec 2021
Social Security Rate 24.00 24.00 percent Dec 2021
Social Security Rate For Companies 12.00 12.00 percent Dec 2021
Social Security Rate For Employees 12.00 12.00 percent Dec 2021

India Personal Income Tax Rate
In India, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals, including heath and education cess on tax and surcharge. Revenues from the Personal Income Tax Rate are an important source of income for the government of India.
Actual Previous Highest Lowest Dates Unit Frequency
42.74 42.74 42.74 30.00 2004 - 2021 percent Yearly