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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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 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.
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.
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.
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.
Hong Kong
Tax on gross income of $100,000: 14 per cent
Employee social-security contribution: zero per cent
Global rank: 18
