Not a Latitax destination
India
Worldwide tax at up to 39%, but a returning or arriving individual can be 'resident but not ordinarily resident' (RNOR) for up to about two years, keeping most foreign income outside Indian tax.
Income tax, top rate
Secondary39% (new regime)
Effective top rate including surcharge and 4% cess under the new regime; 42.744% under the old regime.
Source: PwC Worldwide Tax Summaries - Personal income tax rates · checked 2026-09-29Capital gains
Unverified12.5% long-term (listed equity)
Long-term gains on listed equity above INR 125,000 at 12.5%; short-term at 20%; plus surcharge and cess. Rates from July 2024 not re-read on 2026-09-29.
Source: PwC Worldwide Tax Summaries - India income determination · checked 2026-09-29Corporate
Secondary22% (about 25.17% effective)
Domestic companies may opt for 22% (15% for new manufacturers) plus surcharge and cess; otherwise 25% or 30%. Foreign companies with a PE pay 35%.
Source: PwC Worldwide Tax Summaries - Corporate income tax rates · checked 2026-09-29Inheritance
UnverifiedNone
Source: PwC Worldwide Tax Summaries - Personal income tax rates · checked 2026-09-29Wealth tax
UnverifiedNone
Wealth tax abolished from 2015-16.
Source: PwC Worldwide Tax Summaries - Personal income tax rates · checked 2026-09-29VAT
Unverified18% GST standard
GST rationalised from 22 September 2025 into 5% and 18% slabs plus a 40% rate on luxury and sin goods; PwC chart still showed 5-28%.
Source: PwC Worldwide Tax Summaries - VAT rates · checked 2026-09-29Looking for somewhere that works?
See the jurisdictions where a lawful move genuinely cuts tax.
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