Which state has highest tax rate in India?
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Maharashtra, which includes Mumbai, India’s commercial capital, is the biggest contributor to income taxes. Maharashtra has the most number of taxpayers in the country (1.31 crores) and contributes nearly 4.25 lakh crores in taxes. This includes both income taxes paid by individuals as well as corporate tax revenues.
Of the 4.25 lakh crores paid by Maharashtra to the central exchequer, 2.72 lakh crores come from corporate taxes, 1.41 lakh crores from individual income taxes, and the remaining 11,673 crores from other taxes.
Net direct tax collection in Maharashtra stood at Rs 6.14 lakh crore in 2022-23, the highest by any state, followed by Rs 2.12 lakh crore collected in Delhi, Rs 2.05 lakh crore in Karnataka and Rs 1.07 lakh crore collected in Tamil Nadu,