India
INRIndia offers a new (simplified) and an old tax regime. The new regime — used here — has lower rates and a higher tax-free slab of ₹3 lakh, but no major deductions. EPF contributions of 12% are matched by the employer and act as forced retirement savings. A 4% health and education cess applies on top of the income tax.
- Top marginal
- 30%
- Personal allowance
- ₹3,00,000
- Employee social
- 12.0%