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Shoppers walk down Fifth Avenue in New York.

Shoppers walk down Fifth Avenue in New York.

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.

 

Shoppers leave a retail store inside a mall in Mumbai.

Shoppers leave a retail store inside a mall in Mumbai.

India

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

Employee social-security contribution: 12 per cent

Global rank: 7

 

Guests enjoy a 'dinner in the sky' on a platform hanging in front of the Royal Palace in Brussels.

Guests enjoy a 'dinner in the sky' on a platform hanging in front of the Royal Palace in Brussels.

Belgium

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

Employee social-security contribution: 13 per cent

Global rank: 1

 

 Tourists sit on a hill overlooking Athens outside the archaeological site of the Acropolis.

Tourists sit on a hill overlooking Athens outside the archaeological site of the Acropolis.

Greece

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

Employee social-security contribution: 16 per cent

Global rank: 2

 

A view of Duomo cathedral in Milan.

A view of Duomo cathedral in Milan.

Italy

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

Employee social-security contribution: 9 per cent

Global rank: 3

 

Potsdamer Street in Berlin.

Potsdamer Street in Berlin.

Germany

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

Employee social-security contribution: 16 per cent

Global rank: 4

 

A dog sits as he waits next to his owner to cross a street in Copenhagen.

A dog sits as he waits next to his owner to cross a street in Copenhagen.

Denmark

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

Employee social-security contribution: 1 per cent

Global rank: 5

 

A cyclist rides past the Orsay Museum in Paris.

A cyclist rides past the Orsay Museum in Paris.

France

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

Employee social-security contribution: 21 per cent

Global rank: 6

 

 Juscelino Kubitschek Bridge in Brasilia.

Juscelino Kubitschek Bridge in Brasilia.

Brazil

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

Employee social-security contribution: 10 per cent

Global rank: 8

 

 People stroll in a Stockholm park.

People stroll in a Stockholm park.

Sweden

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

Employee social-security contribution: zero per cent

Global rank: 9

 

Tourists stroll along Barcelona's harbour in Barcelona.

Tourists stroll along Barcelona's harbour in Barcelona.

Spain

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

Employee social-security contribution: 3 per cent

Global rank: 10

 

Traffic passes the Houses of Parliament in London.

Traffic passes the Houses of Parliament in London.

The United Kingdom

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

Employee social-security contribution: 8 per cent

Global rank: 11

 

Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.

Japan's Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo.

Japan

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

Employee social-security contribution: 13 per cent

Global rank: 12

 

Rowers train at dawn on the Yarra River in Melbourne.

Rowers train at dawn on the Yarra River in Melbourne.

Australia

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

Employee social-security contribution: 2 per cent

Global rank: 13

 

The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York

The Brooklyn Bridge and Manhattan Bridge is seen from the 90th storey of One World Trade Center in New York

The United States

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

Employee social-security contribution: 7 per cent

Global rank: 14

 

An aerial view shows vehicles travelling on intersections at night in downtown Shanghai.

An aerial view shows vehicles travelling on intersections at night in downtown Shanghai.

China

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

Employee social-security contribution: 3 per cent

Global rank: 15

 

A view of the Nile river flowing through Cairo.

A view of the Nile river flowing through Cairo.

Egypt

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

Employee social-security contribution: 1 per cent

Global rank: 16

 

Zurich's main shopping street Bahnhofstrasse.

Zurich's main shopping street Bahnhofstrasse.

Switzerland

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

Employee social-security contribution: 4 per cent

Global rank: 17

 

A view of Hong Kong.

A view of Hong Kong.

Hong Kong

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

Employee social-security contribution: zero per cent

Global rank: 18

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