Country Profile: India
Tax to GDP ratio: 6.7
Financial Transactions Tax (FTT): Yes – tax in place
A Securities Transaction Tax (STT) on the purchase and sale of shares at a recognized stock exchange, which also applies to bonds, debentures, derivatives, units issued by any collective investment scheme, equity-based government rights or interests in securities and equity mutual funds.
The tax rate applicable varies depending on what type of the following transactions it falls under. Sale of equity shares or units of equity-oriented mutual funds through stock exchange: 0.001%, for sale of futures in securities: 0.01% for sale of options in securities, 0.05% for sale of a unit of an equity-oriented fund to a mutual fund, 0.001% for sale of an option in securities where the option is exercised: 0.125%, for equity transactions that are delivery-based. Purchase and sale is 0.1% of the turnover and for intra-day transactions, purchase is nil and sale is 0.025% of the turnover.
Aviation: Yes – tax in place
Goods and services tax (GST):
- 5% for air travel in Economy class, domestic and international
- 12% for air travel in a Premium class, domestic and international
Carbon Price: No carbon pricing instrument in place
India does not levy an explicit carbon price but is in the process of establishing a carbon market
English 
French 
Swahili