The Social Security Rate in India stands at 24 percent. India Social Security Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate in India is expected to reach 24.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Social Security Rate is projected to trend around 24.00 percent in 2021, according to our econometric models.


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India Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 24.00 24.00 2008 - 2018 percent Yearly


India Social Security Rate
In India, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of India because they help to pay for many social programs including welfare, health care and many other benefits.