Rs 10 crore salary: How much you take home in US vs India vs UAE vs Finland? Here's a comparison

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Rs 10 crore salary: How much you take home in US vs India vs UAE vs Finland? Here's a comparison​

According to Section 2(29C) of the Income Tax Act, 1961, the term "maximum marginal rate" denotes the rate of income tax (including any surcharge) applicable to the highest income bracket for an individual, association of persons, or body of individuals as specified in the Finance Act of the relevant year.
The Marginal Tax Rate refers to the tax rate that applies to each tax bracket in a taxpayer's income or other taxable income for which they qualify. It is the percentage taken from the taxpayer's additional rupee of taxable income above a predetermined income threshold.

As an individual's income increases, so does their marginal tax rate. The maximum marginal tax rate is the highest income tax rate applied to the top income bracket. According to Section 2(29C) of India's Income Tax Act, this refers to the maximum rate of income tax, along with any applicable surcharges, for the highest income bracket. This rate is determined annually in the Finance Act.

How much tax do I have to pay? Calculate now

A K Mandhan, a financial planner and SEBI registered research analyst, pointed out the lowest marginal tax rate is in UAE & Saudi, which is 0%. The highest tax rate prevails in Finland, which is 56.9%. He highlighted that on a Rs 10 crore salary, a person in Finland would earn Rs 4.31 crore after deducting taxes, whereas the same person will earn Rs 10 crore if he is in UAE.

Here's the tax rate across different countries:

Top marginal tax % & net in-hand amount in 50 top GDP countries:
> USA: 37% → ₹6.3 CR
> China: 45% → ₹5.5 CR
> Japan: 55.97% → ₹4.4 CR
> Germany: 45% → ₹5.5 CR
> India: 42.74% → ₹5.7 CR
> UK: 45% → ₹5.5 CR
> France: 55.4% → ₹4.5 CR
> Italy: 47.2% → ₹5.3 CR
> Brazil: 27.5% → ₹7.25 CR
> Canada: 33% → ₹6.7 CR
> Russia: 13% → ₹8.7 CR
> S. Korea: 45% → ₹5.5 CR
> Australia: 45% → ₹5.5 CR
> Spain: 54% → ₹4.6 CR
> Mexico: 35% → ₹6.5 CR
> Indonesia: 35% → ₹6.5 CR
> Netherlands: 49.5% → ₹5.05 CR
> Saudi Arabia: 0% → ₹10 CR
> Turkey: 40% → ₹6 CR
> Switzerland: 40% → ₹6 CR
> Taiwan: 40% → ₹6 CR
> Poland: 36% → ₹6.4 CR
> Sweden: 52.3% → ₹4.77 CR
> Belgium: 53.5% → ₹4.65 CR
> Thailand: 35% → ₹6.5 CR
> Argentina: 35% → ₹6.5 CR
> Austria: 55% → ₹4.5 CR
> Norway: 39.6% → ₹6.04 CR
> UAE: 0% → ₹10 CR
> Israel: 50% → ₹5 CR
> South Africa: 45% → ₹5.5 CR
> Malaysia: 30% → ₹7 CR
> Denmark: 55.9% → ₹4.41 CR
> Singapore: 22% → ₹7.8 CR
> Philippines: 35% → ₹6.5 CR
> Ireland: 52% → ₹4.8 CR
> Vietnam: 35% → ₹6.5 CR
> Hong Kong: 15% → ₹8.5 CR
> Chile: 40% → ₹6 CR
> New Zealand: 39% → ₹6.1 CR
> Finland: 56.9% → ₹4.31 CR
> Colombia: 39% → ₹6.1 CR
> Portugal: 48% → ₹5.2 CR
> Czechia: 23% → ₹7.7 CR
> Hungary: 15% → ₹8.5 CR
> Greece: 45% → ₹5.5 CR
> Ecuador: 35% → ₹6.5 CR
> Peru: 30% → ₹7 CR

More about the article at this Source:https://www.businesstoday.in/person...-finland-heres-a-comparison-465557-2025-02-22