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From the article: "The main reason for this exodus of wealthy technologists is the complete waiver on personal income tax and minimal capital gains tax. India
by rakejake 4y ago
From the article:
"The main reason for this exodus of wealthy technologists is the complete waiver on personal income tax and minimal capital gains tax. India levies a personal income tax of 30% on income above 15,00,000 rupees ($19,300), which can go up to 42%, including a surcharge and a long-term capital gains tax of 10%–20%."