New Delhi, Jan. 31 -- With just hours left for the Union Budget 2026 presentation, income tax once again takes centre stage as taxpayers across the country expect more income relief, a simpler tax structure and several other benefits. Amid discussions and expectations around taxes, let's take a look at how India's income tax system truly compares with those of other countries.

Here's how income tax in India compare with major economies such as the US and the UK -

India provides a lower minimum slab rate of 5%, while the United Kingdom and the United States impose minimum income tax rates of 20% and 10%, respectively. "At the lower end of the income spectrum, India offers a relatively favourable entry point to taxpayers," according to Ch...