🇮🇳 India

Asia
0 residency programs
Residence-based taxation
Taj Mahal, Agra, India

Countries / India

Known for

Fact Sheet

Continent

Asia

Demonym

Indian

Calling code

+91

Driving side

Left

Motto

Truth alone triumphs (सत्यमेव जयते)
Population
1,349,217,956
Human development index
0.64
Life expectancy
69 years
Unemployment rate
4%
Inflation rate
4.9%
Fertility rate
2.4

Cost of Life

Cost of Living Index
24.58
Rent Index
5.68
Groceries Index
24.55
Restaurant Price Index
17.17
Local Purchasing Power Index
54.30

Taxation overview

Tax system

Residence-based taxation

Countries with a residence-based taxation levy tax from your worldwide income for as long as you're a tax resident of that country. This is the most common taxation system.

Tax residence definition varies from country to country. General rule is you're a tax resident of a country if you spend 183 days or more in it in a year.

Tax Treaties (9)

India has concluded 9 tax treaties (also called double tax agreements, or DTAs) with other countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes.
Note: the list below may not be exhaustive.
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