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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 (%)

Personal Income Tax Rate
                     India - Historical Data (%)

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 2022 18 % 18
Social Security Rate 2022 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 2022 20 % 20
China 2022 45 % 45
Georgia 2022 20 % 20
India 2022 42.74 % 42.74
Israel 2022 50 % 50
Pakistan 2022 35 % 35
South Korea 2022 45 % 45
Taiwan 2022 40 % 40
Vietnam 2022 35 % 35
Armenia 2018 36 % 36
Hong Kong 2022 15 % 15
Indonesia 2022 35 % 30
Japan 2021 55.97 % 55.95
Kazakhstan 2022 10 % 10
Lebanon 2022 25 % 25
Macau 2022 12 % 12
Malaysia 2022 30 % 30
Philippines 2022 35 % 35
Qatar 2022 0 % 0
Singapore 2022 22 % 22
Sri Lanka 2022 18 % 24
Thailand 2022 35 % 35
Oman 2022 0 % 0
Laos 2022 25 % 25
Azerbaijan 2022 25 % 25
Kuwait 2022 0 % 0
Saudi Arabia 2022 0 % 0
Bahrain 2022 0 % 0
United Arab Emirates 2022 0 % 0
Yemen 2021 15 % 15
Uzbekistan 2022 12 % 12
Iraq 2022 15 % 15
Syria 2022 22 % 22
Afghanistan 2022 20 % 20
Brunei 2022 0 % 0
Mauritius 2022 15 % 15