Statutory corporate income tax rate in India
India: Statutory corporate income tax rate was 48.32 in 2018. ▲ Rising
Latest (2018)
48.32
Change on year
up 0.8%
World rank
1st
of 91 countries
All-time high
48.32
in 2018
All-time low
42.96
in 2005
Years of data
19
2000–2018
Statutory corporate income tax rate in India, 2000–2018
Source: Our World in Data.
Analysis
India recorded 48.32 for statutory corporate income tax rate in 2018. That is the highest value across all 19 years on record.
The figure is up 0.8% on the previous year and up 6.9% over ten years.
Over the whole period, statutory corporate income tax rate in India peaked at 48.32 in 2018 and was at its lowest, 42.96, in 2005.
India ranks 1st of 91 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Statutory corporate income tax rate in India, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 48.09 | — |
| 2001 | 43.9 | -8.7% |
| 2002 | 45.05 | +2.6% |
| 2003 | 44.09 | -2.1% |
| 2004 | 44.88 | +1.8% |
| 2005 | 42.96 | -4.3% |
| 2006 | 43.34 | +0.9% |
| 2007 | 45.21 | +4.3% |
| 2008 | 45.21 | +0.0% |
| 2009 | 45.21 | +0.0% |
| 2010 | 44.31 | -2.0% |
| 2011 | 43.4 | -2.0% |
| 2012 | 43.4 | +0.0% |
| 2013 | 45.21 | +4.2% |
| 2014 | 45.21 | +0.0% |
| 2015 | 47.92 | +6.0% |
| 2016 | 47.92 | +0.0% |
| 2017 | 47.92 | +0.0% |
| 2018 | 48.32 | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.79 | 42.96 | 48.09 | 10 |
| 2010s | 45.96 | 43.4 | 48.32 | 9 |
Countries ranked near India
- 1 Montserrat 30 compare
- 2 Anguilla 0
- 2 Congo, Democratic Republic of the 35 compare
- 2 Malta 35 compare
- 4 France 34.43 compare
More economy & growth data for India
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate 4.34 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3256 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 879.91 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 7.73 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 28.43 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 76,840 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 9.05 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in India?
- Statutory corporate income tax rate in India was 48.32 in 2018, according to Our World in Data.
- What is the highest statutory corporate income tax rate recorded in India?
- The highest recorded value was 48.32 in 2018.
- What is the lowest statutory corporate income tax rate recorded in India?
- The lowest recorded value was 42.96 in 2005.
- How does India rank for statutory corporate income tax rate?
- India ranks 1st out of 91 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in India?
- Over the last ten years it is up 6.9%. The long-run trend across the full record is rising.
- Where does this India data come from?
- The figures come from Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).