Re:iPhone 12 Pro so costly in India, you can fly to Dubai to...
by sudosysgen on Thursday October 22, 2020 @12:24PM
(#24859770)
That seems fairly low given the fact that a mid-level programmer is pretty fortunate relatively
1 Lakh = 100,000 1 USD = 73 Rs.
A mid-level manager / programmer would pay around 20-25% in taxes.
Plus, Current GST (VAT) rate in India is 18% for goods and services like most countries. There are reduced rates 0%, 5% and 12% for some goods and services, and 28% luxury rate for some items.
And finally, other tariffs on things like iPhone, computer parts, cars etc.