Tax rates in India and around the world

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

Click NEXT to see tax rates in India...

India

Tax on gross income of $100,000: 28 per cent

Employee social-security contribution: 12 per cent

Global rank: 7

Click NEXT to see rest of the countries...

Belgium

Tax on gross income of $100,000: 34 per cent

Employee social-security contribution: 13 per cent

Global rank: 1

...

Greece

Tax on gross income of $100,000: 30 per cent

Employee social-security contribution: 16 per cent

Global rank: 2

...

Italy

Tax on gross income of $100,000: 35 per cent

Employee social-security contribution: 9 per cent

Global rank: 3

...

Germany

Tax on gross income of $100,000: 27 per cent

Employee social-security contribution: 16 per cent

Global rank: 4

...

Denmark

Tax on gross income of $100,000: 42 per cent

Employee social-security contribution: 1 per cent

Global rank: 5

...

France

Tax on gross income of $100,000: 20 per cent

Employee social-security contribution: 21 per cent

Global rank: 6

...

Brazil

Tax on gross income of $100,000: 27 per cent

Employee social-security contribution: 10 per cent

Global rank: 8

...

Sweden

Tax on gross income of $100,000: 36 per cent

Employee social-security contribution: zero per cent

Global rank: 9

...

Spain

Tax on gross income of $100,000: 32 per cent

Employee social-security contribution: 3 per cent

Global rank: 10

...

The United Kingdom

Tax on gross income of $100,000: 24 per cent

Employee social-security contribution: 8 per cent

Global rank: 11

...

Japan

Tax on gross income of $100,000: 14 per cent

Employee social-security contribution: 13 per cent

Global rank: 12

...

Australia

Tax on gross income of $100,000: 26 per cent

Employee social-security contribution: 2 per cent

Global rank: 13

...

The United States

Tax on gross income of $100,000: 18 per cent

Employee social-security contribution: 7 per cent

Global rank: 14

...

China

Tax on gross income of $100,000: 23 per cent

Employee social-security contribution: 3 per cent

Global rank: 15

...

Egypt

Tax on gross income of $100,000: 20 per cent

Employee social-security contribution: 1 per cent

Global rank: 16

...

Switzerland

Tax on gross income of $100,000: 13 per cent

Employee social-security contribution: 4 per cent

Global rank: 17

...

Hong Kong

Tax on gross income of $100,000: 14 per cent

Employee social-security contribution: zero per cent

Global rank: 18