The Social Security Rate in India stands at 24 percent. source: Ministry of Finance, Government of India

Social Security Rate in India averaged 24.00 percent from 2008 until 2022, reaching an all time high of 24.00 percent in 2009 and a record low of 24.00 percent in 2009. This page provides - India Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. India Social Security Rate - values, historical data and charts - was last updated on June of 2023.

Social Security Rate in India is expected to reach 24.00 percent by the end of 2023, 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 2024, according to our econometric models.

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India Social Security Rate

Related Last Previous Unit Reference
Corporate Tax Rate 34.94 25.17 percent Dec 2022
Personal Income Tax Rate 42.74 42.74 percent Dec 2022
Sales Tax Rate 18.00 18.00 percent Dec 2023
Social Security Rate 24.00 24.00 percent Dec 2022
Social Security Rate For Companies 12.00 12.00 percent Dec 2022
Social Security Rate For Employees 12.00 12.00 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
24.00 24.00 24.00 24.00 2008 - 2022 percent Yearly