[{"data":1,"prerenderedAt":751},["ShallowReactive",2],{"page-seo-\u002Fcountry\u002Findia":3,"all-country-compare-pairs":125},{"page":4,"parsedFilters":38},{"id":5,"title":6,"bestFor":7,"body":13,"country":30,"countryFacts":31,"countrySlug":37,"description":19,"excerpt":38,"extension":39,"faqs":40,"flag":50,"heroImage":38,"howItWorks":51,"lastUpdated":55,"meta":56,"metaDescription":57,"metaTitle":58,"navigation":59,"otherTaxes":60,"pageType":85,"path":86,"relatedFormations":87,"relatedGuides":88,"seo":89,"stem":90,"summaryCards":91,"taxBracketSections":104,"taxBrackets":105,"taxRates":106,"taxSlug":38,"taxType":38,"visas":118,"watchOut":119,"__hash__":124},"taxes\u002Fcountry\u002Findia\u002Findex.md","Taxes in India",[8,9,10,11,12],"Employees","Expats","Founders","Investors","Cross-border groups",{"type":14,"value":15,"toc":26},"minimark",[16,20,23],[17,18,19],"p",{},"India's tax system rewards people who understand which regime they are in. For salaried workers and professionals, the central question is new regime versus old regime: the new regime gives lower slab rates and a big rebate with almost no deductions, while the old regime keeps house-rent allowance, 80C investments, home-loan interest and similar claims at the cost of higher slabs. Most people without large deductions now pay less under the new regime, which has been the default since 2023 and became clearly more generous in Budget 2025.",[17,21,22],{},"For businesses, India offers a genuine choice of corporate rates. Standard companies pay 25% or 30% depending on turnover, while companies that give up exemptions can lock in 22% all-in at about 25.17%. New manufacturers had access to a 15% rate. Minimum alternate tax still backstops companies with large book profits, and from April 2026 it becomes a 14% final tax with old credits phased out.",[17,24,25],{},"Investors face a system rewritten in July 2024. Listed shares and equity funds held over a year pay 12.5% above an annual INR 1.25 lakh exemption, short-term listed gains pay 20%, and most other long-term gains pay 12.5% without indexation. Dividends are taxed in the shareholder's hands at slab rates with 10% tax withheld at source. There is no wealth tax and no inheritance tax, but gifts from non-relatives above INR 50,000 are taxed as income. GST at 5%, 18% or 40% applies to almost every purchase, so the real burden on a household is income tax plus surcharge plus cess plus GST. Anyone moving to or from India should pin down residence status first, because it decides whether foreign income is taxed at all.",{"title":27,"searchDepth":28,"depth":28,"links":29},"",2,[],"India",{"region":32,"currency":33,"taxTreaties":34,"euBlacklist":35,"fatfStatus":36},"Asia","INR","90+","No","Member","india",null,"md",[41,44,47],{"question":42,"answer":43},"Is India a high-tax country?","For middle incomes it is moderate, with zero tax up to INR 12 lakh under the new regime. For very high incomes it is heavy: surcharge plus 4% cess takes the top effective rate to 39%.",{"question":45,"answer":46},"Does India have a wealth tax?","No. India abolished wealth tax in 2015 and has not brought it back.",{"question":48,"answer":49},"Which taxes matter most in India?","The main ones are personal income tax, corporate tax, capital gains tax, tax on dividends at slab rates, and GST of 5%, 18% or 40% on goods and services.","🇮🇳",[52,53,54],"India taxes resident individuals on worldwide income and most companies on profits earned in India. The financial year runs from 1 April to 31 March, and residence is tested afresh every year.","Since Budget 2025, the new regime is the default for individuals: slabs from 0% to 30%, zero tax up to INR 12 lakh of ordinary income through the rebate, and up to INR 12.75 lakh for salaried people after the standard deduction. The old regime with deductions still exists as an opt-in.","Headline slabs are only the start. Surcharge on high incomes and a 4% health and education cess sit on top, so the top effective rate reaches 39% under the new regime. GST on spending is separate: 5%, 18% or 40% since the September 2025 reform.","September 2026",{},"India tax overview for expats, founders and investors. 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Surcharge plus 4% cess can lift the real top rate well above the 30% slab headline.","New regime versus old regime is an annual choice that depends on your deductions. Salaried people with big HRA, 80C and home-loan claims can still pay less under the old regime.","Residence status changes the whole picture. Non-residents pay tax only on Indian income, while full residents pay on worldwide income with foreign tax credit.","GST is a spending tax, not income tax. An 18% standard GST rate means consumption planning matters alongside income planning.","vWwKZn9jyJX_hz00F8o5InISxTwG9T-u-jI9RFPPC9o",[126,135,144,153,159,165,171,177,186,195,204,210,216,219,225,228,231,234,240,246,252,261,264,273,279,282,285,291,300,309,315,321,324,327,333,336,345,348,351,357,360,363,366,369,372,375,378,381,384,387,390,396,399,402,405,408,411,414,417,420,423,426,429,432,438,441,447,456,459,465,468,471,474,477,480,483,486,489,492,495,498,501,504,507,510,513,519,522,528,534,537,540,543,546,549,555,561,565,568,571,577,580,583,586,589,592,595,598,601,604,607,610,616,619,622,625,628,631,634,637,643,646,652,655,658,661,664,667,670,673,676,679,682,685,688,691,694,697,700,703,706,709,712,715,718,721,724,730,733,736,739,742,745,748],{"title":127,"path":128,"countryASlug":129,"countryBSlug":130,"countryA":131,"countryB":132,"flagA":133,"flagB":134,"excerpt":38},"Andorra vs Monaco 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