How much tax do you pay in India?

Discussion in 'Economy & Infrastructure' started by Bushmills, May 16, 2012.

  1. Bushmills

    Bushmills Regular Member

    Joined:
    Feb 7, 2012
    Messages:
    35
    Likes Received:
    15
    I am interested in comparing rates of taxation in India with those of the UK and Australia so an idea of how much tax a middle ranking government employee would pay would be interesting. In addition, approx what salary would a middle ranking officer, major, police superindendant etc earn? What kind of a standard of living would this allow?

    Cheers
     
  2.  
  3. trackwhack

    trackwhack Tihar Jail Banned

    Joined:
    Jul 20, 2011
    Messages:
    3,757
    Likes Received:
    2,573
    The highest bracket is 30% of taxable income after exemptions.

    The PPP factor is 2.4 for the year 2011.

    So I would get salary figures from google. Divide by 50 to convert to USD. Then multiply by 2.4 to try to normalize standard of living.

    Sorry I'm too lazy to do the googling of salary numbers but it should be easy to find. Good luck with your study.
     
    sob and pmaitra like this.
  4. Armand2REP

    Armand2REP CHINI EXPERT Veteran Member

    Joined:
    Dec 17, 2009
    Messages:
    10,397
    Likes Received:
    2,314
    I wouldn't worry about factoring standard of living, PPP is a worthless figure. A percentage is a good enough indicator.
     

Share This Page