The rise in taxes and shrinking disposable incomes in India has led many professionals to consider relocating. A post by techie Anish Sengupta on LinkedIn, comparing the living and earning conditions in India, Dubai, and the US, has sparked widespread debate. His analysis sheds light on critical factors that influence decisions of those seeking career growth and financial stability.
In terms of job security and career advancement, the US presents high-paying positions, especially in tech and finance. However, it is marred by intense competition, frequent layoffs, and visa restrictions. India, on the other hand, boasts a thriving job market with robust labor laws offering more stability. Meanwhile, Dubai, with its lucrative tax-free salary, faces drawbacks like a lack of long-term job security as most roles are contract-based.
Regarding taxation and perks, the US has a high tax burden of 25-35%, not to mention steep healthcare costs. India’s tax rate is more moderate, ranging between 20-30%, with benefits such as EPF and affordable healthcare. Dubai stands out with its 0% income tax but lacks social benefits like pensions, relying on private healthcare.
When comparing living costs and savings, the US is expensive, especially in major cities, while India offers a more affordable lifestyle. Dubai’s living costs are reasonable, and it offers the highest savings potential due to its tax-free status.
In conclusion, each destination offers distinct advantages depending on your priorities.
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