Menu
Search

13 Countries with Highest Tax Rates in the World

By SiliconIndia   |   Thursday, August 1, 2013   |    10 Comments
38
Separator
31
Separator
63
Separator
10
Separator
Print Print Email Email

Bangalore: While many Indians feel that a good portion of their money goes into paying taxes. The fact is that, India has the least income tax rates compared to other countries.

On one hand where Scandinavian nations are considered to have highest income tax rates, on the other hand countries like Saudi Arabia, the United Arab Emirates and Kuwait do not levy even a small amount of tax on their citizens.

Let’s take a look at those countries that have highest income tax rates, listed by Rediff.

1. India
Income Tax in the Highest Slab: 30 Percent

There are many Indian employees who are paying their income tax returns with a heavy heart. They will be happy to know that there are many countries in the world that levy more than 50 percent of income tax on their citizens.

However, in India, the government gets its highest revenue from tax.

Also Read:
Know Why Insurance For Women Is A Must
6 Jewellers Who Rule the Indian Gold Market

 


Write your comment now
Submit Reset
Reader's comments(10)
1: India has the highest slab rate in the world.
Source: http://guruquest.net/question/what-is-gst-gst-information/
Posted by:GuruQuest - 21 Jul, 2017
2: India has the highest slab rate in the world.
http://guruquest.net/question/what-is-gst-gst-information/
Posted by:guruquest - 21 Jul, 2017
3: Tax Slab in India may be less according to you (30% only) but apart from Income tax we have other 19 taxes what do you say about this.

http://moneyexcel.com/701/20-types-of-taxes-in-india
Posted by:Shitanshu Kapadia - 30 Nov, 2013
4: Tax Slab in India may be less according to you (30% only) but apart from Income tax we have other 19 taxes what do you say about this.

http://moneyexcel.com/701/20-types-of-taxes-in-india
Posted by:Shitanshu Kapadia - 30 Nov, 2013
5: Dear Writer what are you trying to convey, we have Income tax, sales tax, excise, vat, LBT, octroi, wealth tax etc. Also the amount of social security country provides is important. Analysis seems little uncomparable.
Posted by:Voters - 20 Aug, 2013
6: Better if the writer provide insights on the benefits, the Income Tax payer gets in those countries. Also why there is no or small tax in Gulf countries. Then it would be a apple to apple comparison.
Posted by:Naresh - 01 Aug, 2013
7: In all the country you have mentioned, the average salaried person are paying much lower tax than average salaried person in India.
Posted by:Deepu - 01 Aug, 2013
8: In all the country you have mentioned, the average salaried person are paying much lower tax than average salaried person in India.
Posted by:Deepu - 01 Aug, 2013
9: Incredible India!!!
Paying tax for govt corruption. Paying bribe for our own work. Else you won't survive.
Posted by:Rahul - 01 Aug, 2013
10: Uncontrolled inflation is the worst taxation.Thanks to upa govt we have it in abundance.
Posted by:rajeev - 01 Aug, 2013
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit