Difference between indian and us tax

Question

Accepted Answer

Indian tax system is based on residence while US tax system is based on citizenship.

Indian tax system follows a residential status-based taxation system, where residents are taxed on their global income while non-residents are taxed only on income earned in India.
US tax system follows a citizenship-based taxation system, where US citizens are taxed on their worldwide income regardless of where they reside.
Indian tax rates are generally higher compared to US tax rates.
US tax system allows for deductions and credits that may not be available in the Indian tax system.
Both countries have different tax laws, regulations, and compliance requirements.

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