WorldTax Compareโ† All Comparisons

India vs Mexico
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฎ๐Ÿ‡ณ India
vs
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“30%
Zero tax slab expanded; new regime standard
No change
1.92โ€“35%
Rates stable; fiscal consolidation needed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0โ€“28%
Further GST rationalization expected
No change
0โ€“16%
Standard 16% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
22โ€“25%
Pillar Two domestic rules being finalized
No change
30%
30% maintained; Pillar Two discussions
No change
Capital Gains Tax
Capital Gains Tax
12.5โ€“20%
12.5% LTCG equity; 20% property with indexation
No change
35%
No change
No change
Social Security & Payroll
Social Security / Payroll
24%
New social security code implementation ongoing
No change
~35%
Nearshoring investment affecting payroll dynamics
No change
State, Regional & Local Taxes

๐Ÿ‡ฎ๐Ÿ‡ณ India โ€” State, Professional & GST Variation

India's 28 states levy professional tax (up to โ‚น2,500/year), stamp duty on property (3%โ€“8%), and state excise on alcohol. GST has largely unified indirect taxes but petroleum products remain state-controlled. Property tax (nagar nigam) varies by city. Maharashtra, Karnataka, and Tamil Nadu have higher professional taxes.

๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico โ€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre Nรณmina) at 1%โ€“4% (employer-paid). Municipal property tax (predial) rates vary significantly. Some states have lodging and entertainment levies. The Maquila sector benefits from special IMMEX programs. Nearshoring boom is driving new investment.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

India vs Mexico: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico has a higher top income tax rate (0โ€“30% vs 1.92โ€“35%). ๐Ÿ‡ฎ๐Ÿ‡ณ India is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: India has a higher consumption tax (0โ€“28% vs 0โ€“16%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฎ๐Ÿ‡ณ India offers a lower corporate rate (25% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฎ๐Ÿ‡ณ India taxes investment gains at a lower rate (20% vs 35%), benefiting investors.

Related Comparisons

๐Ÿ‡ฆ๐Ÿ‡ท Argentina vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡ฆ๐Ÿ‡บ Australia vs ๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTax comparison๐Ÿ‡ง๐Ÿ‡ด Bolivia vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡ง๐Ÿ‡ท Brazil vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡จ๐Ÿ‡ฆ Canada vs ๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTax comparison๐Ÿ‡จ๐Ÿ‡ฆ Canada vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡จ๐Ÿ‡ฑ Chile vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡จ๐Ÿ‡ณ China vs ๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTax comparison๐Ÿ‡จ๐Ÿ‡ด Colombia vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡ช๐Ÿ‡จ Ecuador vs ๐Ÿ‡ฒ๐Ÿ‡ฝ MexicoTax comparison๐Ÿ‡ฉ๐Ÿ‡ช Germany vs ๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTax comparison๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong vs ๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTax comparison