Based on figures by the National Sample Survey Organization (NSSO) from the financial year 2012, it was estimated that the bottom 50 percent of the Indian population spends 3.04 percent of their incomes on taxes for selected food items. The middle 40 percent spends almost half of that and the top 10 percent spends merely 0.16% of their income on food items.
Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group
The analysis used only select food items hence the share represents the differences between the different income groups and are not representative of the actual share of income one spends on taxes.
India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.
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Oxfam. (February 20, 2023). Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/
Oxfam. "Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group." Chart. February 20, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/
Oxfam. (2023). Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/
Oxfam. "Share of Income Spent on Taxes for Food Items per Adult in India in Fiscal Year 2012, by Wealth Group." Statista, Statista Inc., 20 Feb 2023, https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/
Oxfam, Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group Statista, https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/ (last visited November 21, 2024)
Share of income spent on taxes for food items per adult in India in fiscal year 2012, by wealth group [Graph], Oxfam, February 20, 2023. [Online]. Available: https://www.statista.com/statistics/1409323/india-income-spent-on-taxes-for-food-items-by-wealth-group/
