The Personal Income Tax Rate in India stands at 39 percent. Personal Income Tax Rate in India averaged 35.07 percent from 2004 until 2026, reaching an all time high of 42.74 percent in 2020 and a record low of 30.00 percent in 2005. source: Ministry of Finance, Government of India

Personal Income Tax Rate in India is expected to reach 39.00 percent by the end of 2026, 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 39.00 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 34.94 34.94 percent Dec 2026
Personal Income Tax Rate 39.00 39.00 percent Dec 2026
Sales Tax Rate 18.00 18.00 percent Dec 2025
Social Security Rate 24.00 24.00 percent Dec 2025
Social Security Rate For Companies 12.00 12.00 percent Dec 2025
Social Security Rate For Employees 12.00 12.00 percent Dec 2025
Withholding Tax Rate 20.00 20.00 percent Dec 2025


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
39.00 39.00 42.74 30.00 2004 - 2026 percent Yearly