Tax rates in India and around the world
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The world's highest top rates of income tax, according to KPMG, an accounting firm, are found in Aruba (58.95 per cent) and Sweden (56.6 per cent).
When employee social-security contributions are taken into consideration, though, neither country makes the top 10 for effective tax rates on gross income of $100,000, says The Economist.
Let's see where India ranks when it comes to income tax rates.
Source: The Economist
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Image: Shoppers walk down Fifth Avenue in New York.
Photographs: Chip East/Reuters
Tax rates in India and around the world
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India
Tax on gross income of $100,000: 28 per cent
Employee social-security contribution: 12 per cent
Global rank: 7
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Image: Shoppers leave a retail store inside a mall in Mumbai.
Photographs: Danish Siddiqui/Reuters
Tax rates in India and around the world
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Belgium
Tax on gross income of $100,000: 34 per cent
Employee social-security contribution: 13 per cent
Global rank: 1
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Image: Guests enjoy a 'dinner in the sky' on a platform hanging in front of the Royal Palace in Brussels.
Photographs: Sebastien Pirlet/Reuters
Tax rates in India and around the world
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Greece
Tax on gross income of $100,000: 30 per cent
Employee social-security contribution: 16 per cent
Global rank: 2
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Image: Tourists sit on a hill overlooking Athens outside the archaeological site of the Acropolis.
Photographs: Yannis Behrakis/Reuters
Tax rates in India and around the world
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Italy
Tax on gross income of $100,000: 35 per cent
Employee social-security contribution: 9 per cent
Global rank: 3
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Image: A view of Duomo cathedral in Milan.
Photographs: Stefano Rellandini/Reuters
Tax rates in India and around the world
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Germany
Tax on gross income of $100,000: 27 per cent
Employee social-security contribution: 16 per cent
Global rank: 4
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Image: Potsdamer Street in Berlin.
Photographs: Thomas Peter/Reuters
Tax rates in India and around the world
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Denmark
Tax on gross income of $100,000: 42 per cent
Employee social-security contribution: 1 per cent
Global rank: 5
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Image: A dog sits as he waits next to his owner to cross a street in Copenhagen.
Photographs: Radu Sigheti/Reuters
Tax rates in India and around the world
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France
Tax on gross income of $100,000: 20 per cent
Employee social-security contribution: 21 per cent
Global rank: 6
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Image: A cyclist rides past the Orsay Museum in Paris.
Photographs: Charles Platiau/Reuters
Tax rates in India and around the world
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Brazil
Tax on gross income of $100,000: 27 per cent
Employee social-security contribution: 10 per cent
Global rank: 8
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Image: Juscelino Kubitschek Bridge in Brasilia.
Photographs: Ricardo Moraes/Reuters
Tax rates in India and around the world
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Sweden
Tax on gross income of $100,000: 36 per cent
Employee social-security contribution: zero per cent
Global rank: 9
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Image: People stroll in a Stockholm park.
Photographs: Scanpix/Reuters
Tax rates in India and around the world
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Spain
Tax on gross income of $100,000: 32 per cent
Employee social-security contribution: 3 per cent
Global rank: 10
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Image: Tourists stroll along Barcelona's harbour in Barcelona.
Photographs: Gustau Nacarino/Reuters
Tax rates in India and around the world
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The United Kingdom
Tax on gross income of $100,000: 24 per cent
Employee social-security contribution: 8 per cent
Global rank: 11
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Image: Traffic passes the Houses of Parliament in London.
Photographs: Suzanne Plunkett/Reuters
Tax rates in India and around the world
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Japan
Tax on gross income of $100,000: 14 per cent
Employee social-security contribution: 13 per cent
Global rank: 12
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Image: Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.
Photographs: Kimimasa Mayama/Reuters
Tax rates in India and around the world
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Australia
Tax on gross income of $100,000: 26 per cent
Employee social-security contribution: 2 per cent
Global rank: 13
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Image: Rowers train at dawn on the Yarra River in Melbourne.
Photographs: Toby Melville/Reuters
Tax rates in India and around the world
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The United States
Tax on gross income of $100,000: 18 per cent
Employee social-security contribution: 7 per cent
Global rank: 14
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Image: The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York.
Photographs: Lucas Jackson/Reuters
Tax rates in India and around the world
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China
Tax on gross income of $100,000: 23 per cent
Employee social-security contribution: 3 per cent
Global rank: 15
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Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai.
Photographs: Aly Song/Reuters
Tax rates in India and around the world
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Egypt
Tax on gross income of $100,000: 20 per cent
Employee social-security contribution: 1 per cent
Global rank: 16
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Image: A view of the Nile river flowing through Cairo.
Photographs: Aladin Abdel Naby/Reuters
Tax rates in India and around the world
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Switzerland
Tax on gross income of $100,000: 13 per cent
Employee social-security contribution: 4 per cent
Global rank: 17
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Image: Zurich's main shopping street Bahnhofstrasse.
Photographs: Arnd Wiegmann/Reuters
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