Indian Income Tax Rate Not Very High – KPMG Survey

By Vijay Kumar

You think the 30% Income Tax (highest rate) in India is very high – It really is not so as a survey by KPMG Canada revealed. It is 50% in Austria and Japan and 59% in Denmark! Even in USA it is higher at 35%.

If you don't like to pay Income Tax you should be living in Bahamas, Bahrain, Bermuda, Cayman Islands, Oman or United Arab Emirates. The average Tax rate is 28.8%.

You can see more details on the tax analysis at

http://www.kpmg.ca/en/news/documents/Incometaxratesurveyweb.pdf