income tax slabs Archives — Our Wealth Insights

Tax

Taxes: Where People Pay More Tax – India, US, or Dubai?

ByMANI 31-03-202531-03-2025

Summary Points: India: At a Rs.50L CTC, you face a 26% income tax hit (Rs. 13 lakhs), plus GST (avg. 12% of spending), pushing total tax to 32.2%, that’s a lot of money. USA: A PPP-equivalent of (Rs.50 Laks) $171,429 salary sees 25.4% in federal taxes ($43,619), with 7% sales tax bumping it to 29.1%…

Income Tax

Income Tax Slabs: Tax Liability Comparison Between 2020 and 2019 [Calculator]

ByMANI 28-02-202021-04-2021

In Union Budget presented in Feb’2020, a new tax regime has been proposed. The income tax slabs has been altered. Compared to 2019 the new tax rates are lower. But the lower tax rates will not necessarily reduce the tax liability for everyone. Who will benefit? Some will benefit from the new lower tax rates….