|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
At 15.5 per cent, India has one of the lowest tax-to-gross domestic product (GDP) ratios, says a recent paper by the Centre for Budget and Governance Accountability. Even lower middle-income countries had tax-GDP ratios of 17.7 per cent, the paper said.
Among G20 countries, India had the third-lowest tax base, before Mexico and Indonesia, the paper said. The 37.7 per cent share of direct taxes to India's total taxes was lower and regressive compared to developing countries such as South Africa (57.5 per cent), Indonesia (55.85 per cent) and Russia (41.3 per cent). Developed G20 countries had a greater share of taxes as part of total tax revenues, the paper said, adding in the US, this stood at 75.8 per cent.