Personal Income Tax Rate in India
Tax Rate For Individuals in India
Indicator | Data | Period |
---|---|---|
Personal Income Tax Rate | 42.74 % | 2022 |
Latest data on Personal Income Tax Rate (%)
What is personal tax rate in India?
- Personal Income Tax Rate in India remained unchanged at 42.74 % in 2022. The maximum rate was 42.74 % and minimum was 30 %.
- Data published Yearly by Ministry of Finance.
Historical Data (%) by years
Data
Period
Date
42.74 | 2022 | 25.10.2022 |
42.74 | 2021 | 02.06.2021 |
35.88 | 2020 | 03.02.2020 |
35.88 | 2018 | 25.09.2018 |
35.54 | 2016 | 11.08.2017 |
34.61 | 2015 | 31.12.2015 |
33.99 | 2014 | 31.12.2014 |
33.99 | 2013 | 31.12.2013 |
Historical Chart by presidents (%)
Personal Income Tax Rate in India by presidents
Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
---|---|---|---|---|---|---|
Ram Kovind | 25.07.2017 - | 35.5400 | 35.5400 | 35.5400 | 35.5400 | 0.00% |
Pranab Mukherjee | 25.07.2012 - 25.07.2017 | 30.9000 | 35.5400 | 35.5400 | 30.9000 | 15.02% |
Pratibha Patil | 25.07.2007 - 25.07.2012 | 30.0000 | 30.9000 | 30.9000 | 30.0000 | 3.00% |
Avul Jainulabdeen | 25.07.2002 - 25.07.2007 | 30.0000 | 30.0000 | 30.0000 | 30.0000 | 0.00% |
Other taxes in India
Index | Updated | Actual | Previous |
Corporate Tax Rate | 2022 | 34.94 % | 25.17 |
Sales Tax Rate | 2023 | 18 % | 18 |
Social Security Rate | 2023 | 24 % | 24 |
Personal Income Tax Rate in other countries
Country | Updated | Actual | Previous |
Bangladesh | 2022 | 25 % | 25 |
Jordan | 2018 | 20 % | 20 |
Mongolia | 2022 | 10 % | 10 |
Tajikistan | 2022 | 12 % | 13 |
Cambodia | 2023 | 20 % | 20 |
China | 2023 | 45 % | 45 |
Georgia | 2023 | 20 % | 20 |
India | 2022 | 42.74 % | 42.74 |
Israel | 2023 | 50 % | 50 |
Pakistan | 2023 | 35 % | 35 |
South Korea | 2023 | 45 % | 45 |
Taiwan | 2023 | 40 % | 40 |
Vietnam | 2023 | 35 % | 35 |
Armenia | 2018 | 36 % | 36 |
Hong Kong | 2023 | 15 % | 15 |
Indonesia | 2023 | 35 % | 35 |
Japan | 2021 | 55.97 % | 55.95 |
Kazakhstan | 2023 | 10 % | 10 |
Lebanon | 2023 | 25 % | 25 |
Macau | 2023 | 12 % | 12 |
Malaysia | 2023 | 30 % | 30 |
Philippines | 2023 | 35 % | 35 |
Qatar | 2023 | 0 % | 0 |
Singapore | 2022 | 22 % | 22 |
Sri Lanka | 2023 | 18 % | 18 |
Thailand | 2023 | 35 % | 35 |
Oman | 2023 | 0 % | 0 |
Laos | 2023 | 25 % | 25 |
Azerbaijan | 2023 | 25 % | 25 |
Kuwait | 2023 | 0 % | 0 |
Saudi Arabia | 2023 | 0 % | 0 |
Bahrain | 2023 | 0 % | 0 |
United Arab Emirates | 2023 | 0 % | 0 |
Yemen | 2021 | 15 % | 15 |
Uzbekistan | 2023 | 12 % | 12 |
Iraq | 2023 | 15 % | 15 |
Syria | 2022 | 22 % | 22 |
Afghanistan | 2022 | 20 % | 20 |
Brunei | 2023 | 0 % | 0 |
Mauritius | 2023 | 15 % | 15 |