India is not for high earning individuals
This year in my company RSUs got vested so the tax which we paid is huge
For info, US stocks when gets vested to India there is 39% tax on it
Everyone knows in India the highest slab is of 30% tax but the catch here is, after this 30% there is 4% health and education cess
And if your salary or the inflow like base salary + stocks vesting crosses 50 lakhs, you need to pay more 10%
The entire system is designed in such a way to keep you poor always
You cross 12LPA, pay 10% tax
You cross 20 LPA PAY 20%
You cross 24 LPA pay 30%
You cros 50 LPA pay more 30% + surcharge 10%
4% extra is in all cases