Posted on: 02-06-09 08:04:33
Quote:
Originally posted by viggy
If some one returns to India and say makes 1 lakh per month, it comes to around 30K CAD. If you are to pay tax on that, it comes to around 4K. But in India, you will be paying more like 7K as tax. With the double taxation avoidance treat and all, doesn't this mean that you won't have to pay any tax in Canada at all - even though you file the returns?
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Not sure...you need to ask around.
Also, I don't think the tax rates are that high in India...but then I would not be able to confirm that.
tax rates are pretty high, in comparison of what you get back from the govt.
above 4lac -> 30%
abovev 8lac-> 10% surcharge + 30%
add to that 12% service tax on services
4-12% VAT on goods (usually hidden in the markup price of goods)
better to check up online to get a idea of how much money will be deducted as taxes. you would be shocked 
Quote:
Originally posted by ash_canada
tax rates are pretty high, in comparison of what you get back from the govt.
above 4lac -> 30%
abovev 8lac-> 10% surcharge + 30%
add to that 12% service tax on services
4-12% VAT on goods (usually hidden in the markup price of goods)
better to check up online to get a idea of how much money will be deducted as taxes. you would be shocked
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indeed a real ripoff....in return for all those taxes paid one gets bomb blasts and no water ?
What is 'surcharge' ? Never heard of this word before.
