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The tax system in India is categorized as moderate. The top rate for the individual tax category is 30%, however because of a surcharge, the tax rate comes to 33%. Corporate income tax, comes higher than many other countries, with the highest rates hitting 30% also including the 10% surcharge totaling 33%. Besides these main taxes, there are also other taxes in india such as dividend tax, property tax and taxes on insurance contracts.

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Q: What is the sale tax rate in India?
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