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

Taxes on income, profits and capital gains (% of total taxes) in India was 50.15 as of 2018. Its highest value over the past 44 years was 58.78 in 2009, while its lowest value was 17.60 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 24.56
1975 27.75
1976 26.69
1977 26.15
1978 23.40
1979 22.82
1980 21.90
1981 23.12
1982 22.44
1983 20.96
1984 19.83
1985 18.95
1986 18.19
1987 17.60
1988 19.45
1989 18.93
1990 18.60
1991 22.10
1992 23.45
1993 26.62
1994 28.87
1995 29.90
1996 29.91
1997 27.52
1998 32.01
1999 33.51
2000 36.00
2001 36.78
2002 38.27
2003 41.26
2004 43.30
2005 44.27
2006 47.47
2007 52.58
2008 52.78
2009 58.78
2010 55.21
2011 54.81
2012 52.25
2013 53.44
2014 55.21
2015 50.39
2016 48.99
2017 51.24
2018 50.15

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance