Are you worried about the rising inflation and low tax exemption limits that make it impossible for the average Indian to save enough. Well, fret not! India is not among the world's most heavily taxed nations. Based on a survey conducted by KPMG, here is the list of 10 nations where the rate of income tax is among the highest in the world.
Source : AFP
#1 Sweden
Rate of personal income tax: 56.6%
Source : AFP
#2 DenmarkRate of personal income tax: 55.4%
Source : AFP
#3 NetherlandsRate of personal income tax: 52.0%
Source : AFP
#4 SpainRate of personal income tax: 52.0%
Source : AFP
#5 AustriaRate of personal income tax: 50.0%
Source : AFP
#6 BelgiumRate of personal income tax: 50.0%
Source : AFP
#7 JapanRate of personal income tax: 50.0%
Source : AFP
#8 United KingdomRate of personal income tax: 50.0%
