Are taxes high in India?

While India’s highest tax rate is 42.74%, Canada’s highest rate is 54.0%. The U.S.A.: While the U.S.A. has the second highest tax rate for the highest earners, at 44.7%, it is low for those earning between ₹1 crore to ₹2 crores. Those individuals are subjected to a tax rate of merely 28.2%, which is lower than India’s.

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