What is the effective income tax paid on the salary that we earn? Whenever this question is posed on people their answer is, “as per our tax slab”. But when the question becomes more specific, people start to falter. Why? Because they have never done this calculation themselves. If you also subconsciously desired to get an answer to this question, please read this article. What I am going to present here is no rocket science. But it will give you an answer that you always wanted to know. You yourself could have done these calculations to find the answer. But probably you thought, its not worth the effort and time. No problem. Allow me to do some number crunching for you. So lets start with some interesting statistics. #1. Which countries has the highest income tax rate in the world? If you are worried about the applicable income tax slabs in India, be prepared for some surprise. India is certainly not the country with maximum tax rate. Though it is not ...