Value of service tax India FY 2022-2025

Published by
Manya Rathore,
Mar 27, 2024
The service tax collections in India were estimated to be one billion Indian rupees in the financial year 2025. This was a stark decrease of over 80 percent from the previous year. Service tax is an indirect tax collected from the customer or service receiver and paid to the government.

Value of service tax collection in India from financial year 2022 to 2023, with estimates until 2025 (in billion Indian rupees)

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Release date

February 2024

Region

India

Survey time period

FY 2022 to FY 2023

Supplementary notes

*Revised estimate

**Budget estimate

India's financial year begins in April and ends in March. For example, FY 2022 started in April 2021 and ended in March 2022.

One Indian rupee is equal to 0.011 euros and 0.012 dollars (as of January 2024).

Values have been rounded for clarity.

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