In fiscal year 2023, the value of taxes on income and property in India was projected to be over 16.4 trillion Indian rupees. Over 12 trillion rupees from taxes collected on income and property in the country were recorded in financial year 2020.
Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023
(in trillion Indian rupees)
Characteristic
Taxes in trillion Indian rupees
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*Revised estimate.
**Budget estimate.
One Indian rupee is equal to 0.012 U.S. dollar and 0.011 euro (as of June 2023).
India's financial year begins in April and ends in March. For example, FY 2017 started in April 2016 and ended in March 2017.
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Reserve Bank of India. (May 30, 2023). Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023 (in trillion Indian rupees) [Graph]. In Statista. Retrieved July 16, 2024, from https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/
Reserve Bank of India. "Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023 (in trillion Indian rupees)." Chart. May 30, 2023. Statista. Accessed July 16, 2024. https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/
Reserve Bank of India. (2023). Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023 (in trillion Indian rupees). Statista. Statista Inc.. Accessed: July 16, 2024. https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/
Reserve Bank of India. "Value of Taxes on Income and Property in India from Financial Year 2013 to 2021, with Estimates until 2023 (in Trillion Indian Rupees)." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/
Reserve Bank of India, Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/ (last visited July 16, 2024)
Value of taxes on income and property in India from financial year 2013 to 2021, with estimates until 2023 (in trillion Indian rupees) [Graph], Reserve Bank of India, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/813976/india-value-of-taxes-on-income-and-property/