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This article was first published 11 years ago

Tax rates in India and around the world

Last updated on: October 18, 2012 08:35 IST

Image: Shoppers walk down Fifth Avenue in New York.
Photographs: Chip East/Reuters

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...

Tags: KPMG , India , Aruba , Sweden

Tax rates in India and around the world

Image: Shoppers leave a retail store inside a mall in Mumbai.
Photographs: Danish Siddiqui/Reuters

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...

Tags: , India

Tax rates in India and around the world

Image: Guests enjoy a 'dinner in the sky' on a platform hanging in front of the Royal Palace in Brussels.
Photographs: Sebastien Pirlet/Reuters

Belgium

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

Employee social-security contribution: 13 per cent

Global rank: 1

...

Tags: , Tax , India , Belgium

Tax rates in India and around the world

Image: Tourists sit on a hill overlooking Athens outside the archaeological site of the Acropolis.
Photographs: Yannis Behrakis/Reuters

Greece

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

Employee social-security contribution: 16 per cent

Global rank: 2

...

Tags: , Tax , Greece , India

Tax rates in India and around the world

Image: A view of Duomo cathedral in Milan.
Photographs: Stefano Rellandini/Reuters

Italy

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

Employee social-security contribution: 9 per cent

Global rank: 3

...

Tags: , Italy , India

Tax rates in India and around the world

Image: Potsdamer Street in Berlin.
Photographs: Thomas Peter/Reuters

Germany

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

Employee social-security contribution: 16 per cent

Global rank: 4

...

Tags: , Germany Tax , India

Tax rates in India and around the world

Image: A dog sits as he waits next to his owner to cross a street in Copenhagen.
Photographs: Radu Sigheti/Reuters

Denmark

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

Employee social-security contribution: 1 per cent

Global rank: 5

...

Tags: , Denmark , India

Tax rates in India and around the world

Image: A cyclist rides past the Orsay Museum in Paris.
Photographs: Charles Platiau/Reuters

France

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

Employee social-security contribution: 21 per cent

Global rank: 6

...

Tags: , India

Tax rates in India and around the world

Image: Juscelino Kubitschek Bridge in Brasilia.
Photographs: Ricardo Moraes/Reuters

Brazil

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

Employee social-security contribution: 10 per cent

Global rank: 8

...

Tags: , India

Tax rates in India and around the world

Image: People stroll in a Stockholm park.
Photographs: Scanpix/Reuters

Sweden

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

Employee social-security contribution: zero per cent

Global rank: 9

...

Tags: , India , Sweden

Tax rates in India and around the world

Image: Tourists stroll along Barcelona's harbour in Barcelona.
Photographs: Gustau Nacarino/Reuters

Spain

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

Employee social-security contribution: 3 per cent

Global rank: 10

...

Tags: , Tax , Spain , India

Tax rates in India and around the world

Image: Traffic passes the Houses of Parliament in London.
Photographs: Suzanne Plunkett/Reuters

The United Kingdom

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

Employee social-security contribution: 8 per cent

Global rank: 11

...

Tax rates in India and around the world

Image: Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.
Photographs: Kimimasa Mayama/Reuters

Japan

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

Employee social-security contribution: 13 per cent

Global rank: 12

...

Tags: , Japan Tax , India

Tax rates in India and around the world

Image: Rowers train at dawn on the Yarra River in Melbourne.
Photographs: Toby Melville/Reuters

Australia

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

Employee social-security contribution: 2 per cent

Global rank: 13

...

Tags: , Tax , India , Australia

Tax rates in India and around the world

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

The United States

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

Employee social-security contribution: 7 per cent

Global rank: 14

...

Tags: , United States , Tax , India

Tax rates in India and around the world

Image: An aerial view shows vehicles travelling on intersections at night in downtown Shanghai.
Photographs: Aly Song/Reuters

China

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

Employee social-security contribution: 3 per cent

Global rank: 15

...

Tags: , Tax , China , India

Tax rates in India and around the world

Image: A view of the Nile river flowing through Cairo.
Photographs: Aladin Abdel Naby/Reuters

Egypt

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

Employee social-security contribution: 1 per cent

Global rank: 16

...

Tags: , Egypt Tax , India

Tax rates in India and around the world

Image: Zurich's main shopping street Bahnhofstrasse.
Photographs: Arnd Wiegmann/Reuters

Switzerland

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

Employee social-security contribution: 4 per cent

Global rank: 17

...

Tags: , Switzerland , India

Tax rates in India and around the world

Image: A view of Hong Kong.
Photographs: Bobby Yip/Reuters

Hong Kong

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

Employee social-security contribution: zero per cent

Global rank: 18

Tags: India