Indian employees are highest tax payers in Asia
Employees in India are the biggest contributors to the governments’ coffers among their Asian peers on the basis of percentage of gross salary paid towards taxes and other payments such as social security contributions, according to a new study.
Indian employees take a deduction of as much as 29.1 per cent from their gross salary, against just five per cent in the UAE, making it home to the world’s most benign personal tax environment, international HR consultancy firm Mercer said in a report published today.