The Social Security Rate in India stands at 24 percent. source: Ministry of Finance, Government of India

Social Security Rate in India is expected to reach 24.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Social Security Rate is projected to trend around 24.00 percent in 2021, according to our econometric models.

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India Social Security Rate

India Social Security Rate
In India, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of India because they help to pay for many social programs including welfare, health care and many other benefits.

India Last Unit Reference Previous Highest Lowest
Corporate Tax Rate 25.17 percent Dec/21 25.17 38.95 25.17
Personal Income Tax Rate 42.74 percent Dec/21 42.74 42.74 30.00
Sales Tax Rate 18.00 percent Dec/21 18.00 18.00 12.36
Social Security Rate 24.00 percent Dec/21 24.00 24.00 24.00
Social Security Rate For Companies 12.00 percent Dec/21 12.00 12.00 12.00
Social Security Rate For Employees 12.00 percent Dec/21 12.00 12.00 12.00