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.
India
Tax on gross income of $100,000: 28 per cent
Employee social-security contribution: 12 per cent
Global rank: 7
Belgium
Tax on gross income of $100,000: 34 per cent
Employee social-security contribution: 13 per cent
Global rank: 1
Greece
Tax on gross income of $100,000: 30 per cent
Employee social-security contribution: 16 per cent
Global rank: 2
Italy
Tax on gross income of $100,000: 35 per cent
Employee social-security contribution: 9 per cent
Global rank: 3
Germany
Tax on gross income of $100,000: 27 per cent
Employee social-security contribution: 16 per cent
Global rank: 4
Denmark
Tax on gross income of $100,000: 42 per cent
Employee social-security contribution: 1 per cent
Global rank: 5
France
Tax on gross income of $100,000: 20 per cent
Employee social-security contribution: 21 per cent
Global rank: 6
Brazil
Tax on gross income of $100,000: 27 per cent
Employee social-security contribution: 10 per cent
Global rank: 8
Sweden
Tax on gross income of $100,000: 36 per cent
Employee social-security contribution: zero per cent
Global rank: 9
Spain
Tax on gross income of $100,000: 32 per cent
Employee social-security contribution: 3 per cent
Global rank: 10
The United Kingdom
Tax on gross income of $100,000: 24 per cent
Employee social-security contribution: 8 per cent
Global rank: 11
Japan
Tax on gross income of $100,000: 14 per cent
Employee social-security contribution: 13 per cent
Global rank: 12
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
China
Tax on gross income of $100,000: 23 per cent
Employee social-security contribution: 3 per cent
Global rank: 15
Egypt
Tax on gross income of $100,000: 20 per cent
Employee social-security contribution: 1 per cent
Global rank: 16
Switzerland
Tax on gross income of $100,000: 13 per cent
Employee social-security contribution: 4 per cent
Global rank: 17
Hong Kong
Tax on gross income of $100,000: 14 per cent
Employee social-security contribution: zero per cent
Global rank: 18