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Google India and Facebook India earned Rs 41,115 crore in 2021-22 through online advertisements. In all, the two companies paid Rs 2,277 crore to the revenue department as the equalisation levy, a report in Economic Times (ET) said.
In India, 6 per cent of the proceeds from online ads need to be paid as equalisation fee.
The equalisation fee rose 82 per cent while their proceeds from online ads jumped 77 per cent year-on-year (YoY). In 2021, the two companies earned Rs 23,212 crore through online ads. The equalisation levy for FY21 was Rs 1,254 crore.
According to ET, the
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