IN · AsiaRS · Europe
India vs Serbia: tax rates compared
Between the two, India's income tax rate (30%) tops Serbia's (10%) by 20pp. The 200-country average is 28%: India sits above it, Serbia sits below it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IN | RS | Difference |
|---|---|---|---|
| Income Tax | 30% | 10% | IN +20 pplargest gap |
| Corporate Tax | 30% | 15% | IN +15 pp |
| VAT | 18% | 20% | RS +2 pp |
| Capital Gains Tax | 12.5% | 15% | RS +2.5 pp |
| Crypto Tax | 30% | 15% | IN +15 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: PWC Worldwide Tax Summaries — India (Individual, Taxes on personal income) · as of 2026-05-12 |
| Serbia | 10% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +20 pp | India higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Serbia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +15 pp | India higher |
Between the two, India's corporate tax rate (30%) tops Serbia's (15%) by 15pp. The 201-country average is 22.6%: India sits above it, Serbia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| India | 18% | Source: PWC Worldwide Tax Summaries — India (Corporate, Other taxes) · as of 2026-05-11 |
| Serbia | 20% | Source: PWC Worldwide Tax Summaries — Serbia (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | −2 pp | Serbia higher |
Between the two, Serbia's VAT rate (20%) tops India's (18%) by 2pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| India | 12.5% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2024-07-23 |
| Serbia | 15% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | −2.5 pp | Serbia higher |
Between the two, Serbia's capital gains tax rate (15%) tops India's (12.5%) by 2.5pp. The 175-country average is 10.3%: both sit above it. India's figure is dated 2024-07-23 and Serbia's 2026-02-25, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| India | 30% | Source: Ministry of Finance, Government of India — Memorandum Explaining the Provisions in the Finance Bill 2022 · as of 2023-04-01 |
| Serbia | 15% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +15 pp | India higher |
Between the two, India's crypto tax rate (30%) tops Serbia's (15%) by 15pp. The 88-country average is 13%: both sit above it. India's figure is dated 2023-04-01 and Serbia's 2026-02-25, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| India | 0% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2026-05-12 |
| Serbia | 0% | Source: PWC Worldwide Tax Summaries — Serbia (Net wealth/worth tax rates) · as of 2026-02-25 |
| Difference | 0 pp | displayed rates match |
There's no gap here — India and Serbia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.