FACTOID # 3: People in Germany, Belgium, Hungary and Sweden have to pay almost half their salaries in tax.
 
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Asia > India > Taxation

INDIAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 2 days ... [2nd of 39]
CPIA fiscal policy rating 54 ... [54th of 75]
Customs and other import duties > % of tax revenue 21 % ... [21st of 82]
Customs and other import duties > current LCU 540700000000 ...
Highest marginal tax rate, corporate rate > % 16 % ... [16th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 65 $ ... [65th of 93]
Highest marginal tax rate, individual rate > % 51 % ... [51st of 102]
Net taxes on products > constant LCU 2379460000000 ...
Net taxes on products > current LCU 3162450000000 ...
Net taxes on products > current US$ 10 $ ... [10th of 159]
Other taxes > % of revenue 83 % ... [83rd of 91]
Other taxes > current LCU 1810000000 ...
Social contributions > % of revenue 73 % ... [73rd of 78]
Social contributions > current LCU 13560000000 ...
Tax Freedom Day > % Burden 13 % [13th of 13]
Tax Freedom Day > Date of Year 14 March
Tax Freedom Day > Day of Year 15 [15th of 15]
Tax Freedom Day > Source that calculates it Centre for Civil Society
Tax payments > number 25 ... [25th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint 3 % ... [3rd of 39]

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Fiscal policy assesses the short- and medium-term sustainability of fiscal policy (taking into account monetary and exchange rate policy and the sustainability of the public debt) and its impact on growth.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; ; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.

ALTERNATIVE NAMES: India, Republic of India

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